VINCI Construction swoops for FM Conway
The Kent-based £580m turnover business employs round 2,000 staff specialising in roadworks, civil engineering, asphalt and binders’ manufacturing besides to a differ of specialist companies overlaying water and drainage administration, lighting fixtures, cabling and traffic administration. VINCI acknowledged the mix of FM Conway would beef up its space within the dynamic south-east England market. Completion
The Kent-based £580m turnover business employs round 2,000 staff specialising in roadworks, civil engineering, asphalt and binders’ manufacturing besides to a differ of specialist companies overlaying water and drainage administration, lighting fixtures, cabling and traffic administration.
VINCI acknowledged the mix of FM Conway would beef up its space within the dynamic south-east England market.
Completion of the deal is area to a truly grand regulatory approvals and is anticipated early 2025.
In 2023, VINCI Construction’s UK division generated a complete revenue of £2.2bn – with a complete team of workers of 6,700 staff – via its five business strains: Eurovia (avenue construction), Ringway (upkeep products and services), Taylor Woodrow (civil engineering), VINCI Constructing (building) and VINCI Services (facility administration).
Founded in 1961 by Frank Conway, FM Conway is owned by the Conway family. His granddaughter Joanne Conway took over the characteristic of chair and CEO of the FM Conway Community following her father Michael Conway’s loss of life in March 2022.
Joanne Conway acknowledged: “We’re a proud family business that has grown significantly via sheer animated work and dedication to turn out to be an industry leader and a distinguished section of the UK’s well-known infrastructure transport.
“The time is now blooming for the next chapter of our bid story. Past the evident operational and commercial synergies, we portion a space of values with VINCI and an attain to business that’s about inserting participants first, doing spacious work, and respecting the communities we operate in.”
Scott Wardrop, chief govt of the UK division of VINCI Construction, acknowledged: “This acquisition is a clear indication of our ambition to beef up our business, via larger self-transport and develop the round economy in our UK market sectors.
“FM Conway is an very ultimate commercial and cultural fit for us, in particular for Ringway, Eurovia and Taylor Woodrow. It has a sturdy heritage and we’re privileged to be in a space to accomplish on the Conway family’s legacy. We’re expecting working alongside the FM Conway team to take the business to the next stage.”
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