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| Balfour Beatty acquires US water and wastewater contractor Balfour Beatty, the international infrastructure group, announces that its US Construction Services division has acquired Fru-Con Construction LLC, a leading water and wastewater infrastructure contractor, for a net cash consideration of US$20 million (£12 million). Fru-Con, which is based in Virginia, has annual revenue of approximately US$80 million (£49 million) and was acquired from Bilfinger-Berger. The acquisition adds to Balfour Beatty's expertise in water infrastructure projects and will enable it to grow further in the mid-Atlantic and California markets, as well as other regions including the Carolinas, Georgia, Florida and Texas. write your comments about the article :: © 2011 Construction News :: home page |