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| Eurovia to acquire one of the larger hot-mix asphalt producers in the United States Eurovia has signed an agreement with Salini Impregilo Group to acquire the Lane Asphalt Plants & Paving division of its subsidary Lane Construction, whose operations cover industrial and roadworks activities, for a total consideration of $555 million. These operations, based in 10 states, on the East Coast and in Texas, generate over $600 million in annual revenue and include approximately 40 asphalt-production plants and several quarries. This acquisition complements Eurovia's current operations in the United States where its subsidiaries Hubbard Construction and Blythe Construction operate in the Southeastern states of Florida, Georgia, North and South Carolina. As a result of this acquisition, subject to regulatory approval in the United States, Eurovia becomes one of the larger asphalt producers on the East Coast with a total revenue of about 1.2 billion dollars. Eurovia is a Vinci Group subsidiary and global leader in transport infrastructure and urban development. It builds roads, motorways, railways, airports and tramways, and develops industrial, commercial and urban facilities. write your comments about the article :: © 2018 Construction News :: home page |