French giant acquires Thomas Vale
Thomas Vale employs over 700 workers and is expected a turnover of around £200 million for the financial year to March 2012.
The deal comes as part of the French company’s plans for expansion in the UK, adding to its growing portfolio which already includes Warings, Leadbitter and Denne.
Olivier-Marie Racine, Deputy CEO of Bouygues Construction and Chairman of Bouygues Bâtiment International, said: “Thomas Vale is a company with an impressive performance history, solid strategic partnerships and a strong heritage in the Midlands. This is an important region of England for the Bouygues Group and a great addition to our UK portfolio.”
Tony Hyde, group managing director of the Thomas Vale Group, added: “This is a very exciting time for the Thomas Vale Group, its employees, clients and other stakeholders. The resources that are now available to us through the Bouygues Group will allow us to continue to increase our market share in our key industry sectors. This move will allow the business to capitalise on additional emerging markets and opportunities which complement our skills and experience.
“We look forward to continuing our working relationships with our public and private sector clients.”