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| Ferrovial acquires Enterprise Ferrovial, through Ferrovial Services, has reached an agreement with international investor 3i to acquire Enterprise, one of the UK's leading providers of services to utilities and the public sector, for a firm value of 385 million pounds (around 443 million euro). Ferrovial Services, which has been operating in the UK through Amey, will double the size of its UK business with the acquisition of Enterprise. The acquisition will accelerate its entrance into utilities services and enhance its positioning in environmental services. Closure of the transaction is subject to approval by the European Commission. Enterprise will be integrated into Amey once approval is obtained. Integrating Amey and Enterprise will generate cost and revenue synergies estimated at around 40 million pounds. Ferrovial has been operating in the UK since 2000. It currently operates through its Construction, Services and Airports divisions. Amey, acquired by Ferrovial in 2003, is a major player in the UK market in services to transport and social infrastructure. It works with public and regulated clients in a range of sectors, including justice, aviation, central government, education and transport. It has over 11,000 employees. Enterprise had 1.1 billion pounds (more than 1.2 billion euro) in revenues in 2012, excluding the joint venture with Mouchel, which is not included in this acquisition. It has 9,600 employees and provides environmental, property and utilities services as well as road maintenance for public and regulated sector clients. write your comments about the article :: © 2013 Construction News :: home page |