VINCI strengthens its position in New Zealand through the acquisition of Fletcher Construction

Core Viewpoint - VINCI Construction is set to enhance its presence in New Zealand through the acquisition of Fletcher Construction, a subsidiary of Fletcher Building Group, with the deal expected to be finalized in 2026 [1][2]. Company Overview - Fletcher Construction, established in 1909, employs 2,300 people and generates an annual revenue of approximately €630 million (NZ$1.3 billion) [2]. - The company specializes in hydraulic, maritime, port, airport, railway, and road works, and is expanding its activities in renewable energies [2]. Market Position - This acquisition, alongside HEB Construction, positions VINCI Construction as a significant player in New Zealand's growing infrastructure construction market [2][6]. - VINCI Group reported revenue exceeding €900 million in New Zealand in 2024, indicating a strong market presence [3].