In a bold move that underscores its commitment to expanding its footprint in North America, VINCI Construction has successfully acquired two family-run public works companies: Newport Construction, based in New Hampshire, United States, and Entreprises Marchand & Frères in Canada. This strategic maneuver is set to bolster VINCI Construction's road operations and geographic densification in the region, where the potential for growth in mobility infrastructure is considerable.
Newport Construction, a vertically integrated company specializing in road works and small-scale civil engineering projects, has established a strong presence in the southern regions of New Hampshire and Massachusetts, particularly in the bustling Boston area. With a workforce of 240 employees and an impressive revenue of €105 million in 2023, Newport Construction's acquisition aligns seamlessly with VINCI Construction's vertical integration model. The company's ownership of a quarry boasting nearly 50 million metric tons of materials and an asphalt plant further solidifies its position in the market. This acquisition will undoubtedly fortify VINCI Construction's public works operations in the northeastern United States, where the division has maintained a presence since its acquisition of Lane Construction's roadworks activities in 2018.
Crossing the border into Canada, VINCI Construction has also acquired Entreprises Marchand & Frères, a company deeply involved in road works in central Quebec and the remote Baie-James area in the northern part of the province. EMF's vertical integration is equally impressive, with three asphalt plants, nine quarries representing nearly 20 million metric tons of material reserves, and two sand quarries under its belt. With a dedicated workforce of 220 employees, EMF generated a revenue of €50 million in 2023. This acquisition will enable VINCI Construction, which has been operating in Quebec for over two decades, to further densify its network of businesses in the province.
The combined revenue generated by these two newly acquired companies exceeds €150 million, a testament to their significant contribution to VINCI Construction's growth strategy in North America. By strengthening its geographic and operational position in the region, VINCI Construction is poised to capitalize on the immense potential for growth in mobility infrastructure.
In 2023, VINCI Construction's revenue in North America surpassed the €4 billion mark, with a total workforce of 9,500 individuals. The acquisition of Newport Construction and EMF will undoubtedly augment these figures, solidifying VINCI Construction's position as a major player in the North American market.
Euronext Paris: VINCI
Current Price: €110.75
Change: -2.59%
The current trend for VINCI's stock appears to be in a sideways pattern, with no clear indication of a strong uptrend or downtrend. The stock is trading close to its key moving averages, suggesting a neutral stance. The MACD (Moving Average Convergence Divergence) indicator shows no clear bullish or bearish signal at the moment. The stock is trading within the Fibonacci retracement levels, indicating a period of consolidation. The stock is trading within the Bollinger Bands, suggesting that it is not experiencing any significant volatility. In summary, VINCI's stock is currently in a sideways trend, with no clear directional bias. Investors should monitor key support and resistance levels and watch for any breakouts or breakdowns that could signal a change in the trend. The recent acquisitions in North America may have a positive impact on the company's long-term growth prospects, but the short-term stock performance remains neutral based on the technical analysis model.
