Ferrovial has completed the acquisition of environmental, property and utility services firm Enterprise following approval by the European Competition Authorities.
The deal, announced in February, doubles the Spanish company’s presence in the UK and will see Enterprise integrated into Ferrovial’s UK subsidiary Amey.
The integration of Enterprise into Amey will create a firm employing over 21,000 people with revenues in excess of £2.2 billion.
Amey chief executive Mel Ewell will lead the new company, which will now operate over 320 contracts across utilities, highways, waste management, rail, justice solutions, social housing and facilities management.
Ferrovial said this transaction, coupled with the recent acquisition of Chilean Steel Ingeniería, “furthers Ferrovial’s strategic objective of driving growth, strengthening its Services business andexpanding internationally through strategic acquisitions”.
Ferrovial recently expanded into Poland and in March it announced the acquisition of 70 per cent of Steel Ingeniería, a specialised mining services company in Chile.