COLAS (EPA:RE) - PR Colas - Colas acquieres road construction activities from the Conalvias Construcciones Group in Peru
Transparency directive : regulatory news
20/12/2018 17:45
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PRESS RELEASEParis, December 20, 2018
Colas acquires road construction activities from the Conalvias Construcciones
Group in Peru
Colas signed an agreement to acquire the Peruvian construction activities of
the Colombian group Conalvias Construcciones S.A.
The activities mainly comprise mining infrastructure work for international
mining companies as well as medium-and long-term road maintenance contracts.
With revenue totaling 65 million euros in 2017 and more than 700 employees, the
business will be operated by Colas under the name of Colvias.
The acquisition is part of Colas' strategy aiming to gain footholds in targeted
countries in South America. The Group is already present in Chile and Peru
through Colas Rail, Dust-A-Side and Smac.
Colas (www.colas.com)
Colas, a subsidiary of the Bouygues Group, is a world leader aiming to promote
transport infrastructure solutions for sustainable mobility. With 55,000
employees in more than 50 countries on five continents, the Group performs some
80,000 road construction and maintenance projects each year via 800
construction business units and 2,000 material production units.
In 2017, consolidated revenue at Colas totaled 11.7 billion euros (48% outside
of France). Net profit attributable to the Group amounted to 328 million euros.
For further information:
Delphine Lombard (tel.: +33 1 47 61 76 17) - delphine.lombard@colas.com
Rémi Colin (tel.: +33 1 47 61 73 94) - remi.colin@colas.com
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