FM Conway to be got by Vinci

FM Conway chief executive and chair Joanne Conway French contractor Vinci Construction has signed a portion aquire agreement to build Kent-essentially based exclusively mostly FM Conway, one in every of the UK’s main infrastructure products and companies companies. The aquire designate has yet to be disclosed. FM Conway is each a producer of highways provides

FM Conway to be got by Vinci

FM Conway chief executive and chair Joanne Conway

FM Conway chief executive and chair Joanne Conway

French contractor Vinci Construction has signed a portion aquire agreement to build Kent-essentially based exclusively mostly FM Conway, one in every of the UK’s main infrastructure products and companies companies.

The aquire designate has yet to be disclosed.

FM Conway is each a producer of highways provides, pioneering the usage of excessive recycled asphalt on the local and strategic side road networks, and a repairs contractor.

FM Conway got self reliant surfacing contractor Toppesfield in 2021 and sold specialist drainage operator Flowline in 2023.

Completion is subject to any compulsory regulatory approvals and is anticipated in early 2025.  At that point, FM Conway and its entities will be a part of the network of Vinci Construction.

Most standard audited accounts for FM Conway Small indicate a pre-tax profit of £15.5m on turnover of £535.3m. Turnover within the monetary year ending March 2024 was £580m, the firm says.

Linked Data

The firm was essentially based by Francis (Frank) Michael Conway in 1961. In 1981 his son Michael took over. When Michael Conway died in March 2022, his daughter Joanne took over as chief executive and chair.

Joanne Conway mentioned: “We’re a proud family industry that has grown considerably through sheer exhausting work and solution to change into an industry leader and an even portion of the UK’s excessive infrastructure shipping. The time is now correct for the following chapter of our growth myth.  Past the obvious operational and commercial synergies, we portion a living of values with Vinci and an reach to industry that’s about placing folk first, doing huge work, and respecting the communities we operate in.”

Scott Wardrop, chief executive of the UK division of Vinci Construction, mentioned: “This acquisition is a particular indication of our ambition to toughen our industry, through increased self-shipping and develop the circular economy in our UK market sectors.

“FM Conway is an glorious commercial and cultural fit for us, in particular for Ringway, Eurovia and Taylor Woodrow.  It has an excellent heritage and we are privileged to be in a field to gain on the Conway family’s legacy.  We’re waiting for working alongside the FM Conway group of workers to take the industry to the following stage.”

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