VINCI Construction to acquire FM Conway

VINCI Construction has struck a deal to acquire UK civil engineering contractor, FM Conway, for an undisclosed sum. 

Commenting on the acquisition, FM Conway CEO, Joanne Conway, said: “We’re a proud family business that has grown considerably through sheer hard work and determination to become an industry leader and a significant part of the UK’s critical infrastructure delivery.   

“The time is now right for the next chapter of our growth story. Beyond the obvious operational and commercial synergies, we share a set of values with VINCI and an approach to business that’s about putting people first, doing great work, and respecting the communities we operate in.” 

FM Conway and its businesses will join the VINCI Construction network, strengthening the French construction giant’s position in the UK market. 

Last year, VINCI Construction’s UK division generated revenue of £2.2 billion, with a 6,700-strong workforce, via its five business streams:  

• Eurovia (road construction) 

• Ringway (maintenance services) 

• Taylor Woodrow (civil engineering) 

• VINCI Building (building)  

• VINCI Facilities (facility management) 

FM Conway’s turnover in the financial year ending March 2024 was £580 million. 

In 2021, it acquired independent surfacing contractor, Toppesfield, followed by specialist drainage operator, Flowline, in 2023. 

Completion of this deal is subject to regulatory approvals and is expected in early 2025. 

Scott Wardrop, chief executive of the UK division of VINCI Construction, said: “This acquisition is a clear indication of our ambition to strengthen our business, through greater self-delivery and grow the circular economy in our UK market sectors.  

“FM Conway is an excellent commercial and cultural fit for us, especially for Ringway, Eurovia and Taylor Woodrow.   

“It has a powerful heritage and we are privileged to be in a position to build on the Conway family’s legacy.  

“We’re looking forward to working alongside the FM Conway team to take the business to the next stage.” 

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