Egis has acquired Carillion’s 30-year M40 motorway operations and maintenance contract.
The French engineering group said the transaction was expected to secure the jobs of around 95 Carillion employees.
Egis will take on maintenance services for the 123 km M40 motorway covering more than 300 structures under the deal, which is set to run until January 2027.
The firm’s core services under the arrangement will include network management, safety inspections, cyclical and routine maintenance, accident and emergency response and winter maintenance.
Egis is currently a joint venture partner of Connect Plus, which holds the contract for M25 operations and maintenance, alongside Balfour Beatty and Edge Orbital Holdings.
Balfour has been steadily selling off its stake in the consortium since the end of 2017, but retains a 15 per cent interest.
The M40 agreement is the latest of several deals for Carillion’s motorway contracts.
Tarmac took on two projects it had been carrying out in joint venture with the contractor: the Finningley to Rossington link road connecting the M18 to Doncaster and Sheffield Airport, and the £40m A50 growth corridor project.
The move also saw Tarmac take on 45 former Carillion staff.
In March Carillion’s former highways MD Duncan Elliott and highways commercial director David Bates joined Galliford Try, which had worked with the failed contractor on the troubled Aberdeen Western Peripheral Route.