Vinci Construction has agreed to purchase FM Conway, a UK public works company, to strengthen its position in the UK market.
- FM Conway, founded in 1961 and still family-operated, employs 2,000 people and specialises in public transportation and community space construction.
- The acquisition highlights Vinci’s ambition for growth and enhanced self-delivery within the UK sectors.
- The transaction is set to conclude in early 2025, following regulatory approvals.
- Both companies recognise mutual values and aim to continue delivering quality within their core sectors.
Vinci Construction has announced its intention to acquire FM Conway, a significant player in the UK’s public works sector. By integrating FM Conway into its operations, Vinci aims to bolster its presence in the UK market, thereby enhancing its capacity for self-delivery and expansion within the public infrastructure domain.
FM Conway stands as a reputable entity within the construction industry, established by Francis Michael Conway. It remains under the Conway family’s leadership and operates out of Sevenoaks, Kent. With a workforce of 2,000, the company reported an annual turnover of £580 million for the financial year ending in March 2024. FM Conway specialises in public transport network construction and community space maintenance.
Vinci Construction’s decision to acquire FM Conway marks a strategic effort to strengthen its commercial and operational capabilities in the UK. The acquisition aligns with Vinci’s broader strategy to develop its businesses through greater self-delivery. Vinci Construction’s UK division comprises 6,700 employees and registered a revenue of £2.2 billion in 2023.
The merger includes FM Conway’s recent acquisitions, such as Toppesfield and Flowline, which enhance its specialty in materials production, including high-recycled asphalt for local road and highway projects. This integration into Vinci’s broader network is expected to facilitate mutual growth and operational synergy.
The completion of the acquisition is anticipated in early 2025, contingent upon obtaining the necessary regulatory approvals. Both Vinci and FM Conway have expressed positive expectations regarding the merger, citing shared values and a commitment to quality and community as key factors in the transaction. Joanne Conway, CEO and executive group chair of FM Conway, highlighted the company’s growth as an industry leader, while Scott Wardrop, Vinci Construction UK chief executive, noted the cultural fit between the companies and the potential to build on FM Conway’s strong legacy.
This acquisition represents a significant step for both companies, fostering growth and collaboration in the UK construction sector.
