Royal Volker Wessels Stevin nv has acquired the British highway maintenance company John Crowley (Maidstone) Limited. Crowley is one of the major suppliers to the English public sector market in the area of highway and infrastructure maintenance. More than half of its well-filled order portfolio is obtained from multi-year contracts.
The company does not just specialise in the maintenance of highways, but has also been able to acquire an excellent position in the area of road marking, road surfacing, specialist surfaces and traffic management. Says Andries de Jong, member of the Board of Volker Wessels Stevin:'This acquisition will put Crowley in a position to achieve its previously set objectives faster; the company can now benefit from the opportunities in its market area. We have every confidence that Crowley will develop itself even further within the Volker Wessels Stevin group. This takeover is part of our strategy to expand our activities in England and to increase our turnover from multi-year contracts.'
Crowley, which employs 230 staff, carries out infrastructure and maintenance services in and around London and the south-east of England for a large number of clients, mainly public authorities. Most of the work is laid down by multi-year contracts.
The company generated sales of € 43 million in the last financial year. The European Working Council has been informed. Financial details of the take-over will not be disclosed.
(source: KVWS)
