VolkerWessels was formed in 1997 by the merger of construction firms Kondor Wessels and Volker Stevin.
The firm operates in Holland and Germany as well as the UK through a number of subsidiary contractors including John Crowley and GrantRail.
It also has bases in Seattle and Calgary in Canada. In 2003, turnover at the firm went up 5 per cent to £2.4 billion with over £2 billion of this coming from its Dutch operations.Pre-tax profits fell 37 per cent from £116 million in 2002 to £73 million last year.
The firm did not break down its UK results but in a statement which accompanied the results, it admitted: 'Results in the UK lagged expectations in 2003 but expectations for the UK remain high.'