FM Conway acquisition to boost VINCI turnover
VINCI expects its total revenue and earnings to rise again, boosted by the recent acquisition of family-run firm FM Conway.
VINCI expects its total revenue and earnings to rise again, boosted by the recent acquisition of family-run firm FM Conway.
Newly appointed MD Andrew Hansen will oversee ‘next phase of evolution and growth’.
West Sussex County Council has awarded the firm its Highways Drainage Maintenance Services contract, due to begin in April.
Commenting on the acquisition, FM Conway CEO, Joanne Conway, said: “The time is now right for the next chapter of our growth story.”
Joanne Conway replaces Adam Green who has stepped down as CEO due to health reasons.
It marks the famous pedestrian crossing’s second closure for repairs since it opened in June 2000.
FM Conway has passed the £500 million turnover threshold in its latest results.
FM Conway has acquired drainage specialist Flowline saving more than 160 jobs.
FM Conway was awarded Lot 4 for 2023, and will deliver two works packages priortising local roads and footways.
Skanska’s construction division delivered strong results, as its order intake brought the backlog to a new record high, in the group’s latest trading update.