Smulders - EIFFAGE press release
PR Newswire/Les Echos/
3rd July 2013
Strengthening of the Eiffage group in offshore metal construction via the
partial acquisition of the Smulders group
Following a year of cooperation, the Metal branch of Eiffage has signed, subject to a number of conditions precedents, a contract for the acquisition of the main entities of the Smulders group: Smulders, Iemants, Willems and Spomasz.
The acquired businesses will generate about EUR200 million of revenues for 2013 (for the full year) with 770 employees located in Belgium, Netherlands and Poland.
With this acquisition, the most important since 2008, Eiffage is strengthening its presence on the offshore energy market and in particular the wind one for which Smulders is a key player. This investment will also permit the development of the Metal branch on its traditional businesses of the offshore energy and complex metal based constructions abroad and in Northern Europe in particular.
Eiffage is the fourth-largest construction and concessions company in Europe. The Group's activities are organised as five business lines (construction, civil works, energy, metal and concessions with PPPs). Thanks to the experience of almost 70,000 employees, Eiffage generated revenues of more than EUR14 billion in 2012, 15% of which outside France.
The Metal branch of Eiffage relies on the expertise of its 5,000 employees and generated in 2012 about EUR900 million of revenues.
Eiffage Métal Contact Hélène Lelut Tel : +33 (0) 1 47 60 42 43 email@example.com
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