Eurovia has finalized the acquisition of Canadian rail contractor Rail Cantech.
Operating primarily in the provinces of Quebec and Ontario, Rail Cantech provides engineering, construction and maintenance services for national freight railroads, light-rail networks and industrial sidings. Founded in 1989, Rail Cantech generated revenue of about CA$30 million (US$22 million) in 2015 and currently employs about 200 people.
This acquisition adds to Eurovia’s range of services in Canada and increases its industrial capacity. Rail Cantech will join ETF, the Eurovia subsidiary specializing in rail.
Eurovia builds transport infrastructure – roads, motorways, railways, airports and light-rail systems – and participates in the development of industrial, retail and urban sites. Operating in 16 countries, the company employs 39,000 people.