|
contents | business | |||||||||
| Ferrovial completes the acquisition of Enterprise Spanish infrastructure group Ferrovial, through subsidiary Ferrovial Services, has completed the acquisition of Enterprise, one of the UK's leading providers of services to utilities and the public sector. The deal will see Ferrovial Services increase its size as well as further strengthening its offer to the market. The company announced its plans to acquire Enterprise from international investor 3i for an enterprise value of 385 million pounds (443 million euro) in February. This transaction coupled with the recent acquisition of Chilean Steel Ingenierķa, furthers Ferrovial's strategic objective of driving growth, strengthening its Services business and expanding internationally through strategic acquisitions. The integration of Enterprise into Amey, Ferrovial Services subsidiary in UK, will create one of the most diversified companies in its sector, with over 21,000 employees and revenues in excess of 2.6 billion euro. Amey will now operates over 320 contracts, providing an unrivalled range of services including; utilities, highways, waste management, rail, justice solutions, social housing and facilities management. Services are underpinned by their leading consulting and asset management capabilities which allows them to offer stand-alone or integrated service solutions across nearly every county of the UK. Mel Ewell, currently CEO of Amey, has been appointed chief executive of the new company. write your comments about the article :: © 2013 Construction News :: home page |