Eurovia to buy Quebec rail construction and maintenance firm Rail Cantech
Varennes, Que. firm employs 200 people across Quebec, Ontario operations
RUEIL-MALMAISON, France—French infrastructure construction firm Eurovia, a subsidiary of the Vinci Group, has finalized its push into Canada.
The company has announced it will acquire Varennes, Que.-based rail contractor Rail Cantech for an undisclosed sum.
The European firm says the buy will boost its Canadian rail footprint, which aligns with its expansion strategy in North America.
Operating primarily within Ontario and Quebec, Rail Cantech employs approximately 200 people and generated revenues of about $30 million in 2015. Eurovia plans to integrate the company into its rail works division, ETF.