Road builder gains foothold in Romania with strategic acquisition
Road building specialist Eurovia has acquired 80% of Romanian road builder Viarom Construct.
The Bucharest based firm, established in 2001, currently has 122 employees and generated revenues of 拢9m in 2005. The acquisition gives Eurovia its first foothold in Romania, which joined the European union on 1 January.
Eurovia, a subsidiary of French consultant Vinci, posted a turnover more than 拢4.3bn last year. The company works in 16 countries and employs more than 38,000 people.
