Amey owner buys Enterprise

21/02/2013
Highways Reporters

Spanish contracting giant Ferrovial has bought maintenance and utility contractor Enterprise from investment group 3i for £385m.

The deal will double the size of Ferrovial’s UK business Amey creating a company employing 21,000 people with a turnover of £2.3bn.

Enterprise will be integrated into Amey with “cost and revenue synergies” estimated at around £40m.

Íñigo Meirás, CEO of Ferrovial said: “This acquisition fits with our strategic objective of profitable growth through selective acquisitions and it enables us to expand our Services business.

“The deal will strengthen the operations currently conducted via Amey.”

Ferrovial has been operating in the UK since 2000 and acquired Amey in 2003.

It is a major player in the UK market in services to transport and social infrastructure.

It works with public and regulated clients in a range of sectors, including justice, aviation, central government, education and transport and has over 11,000 employees.

Enterprise had a turnover of £1.1bn in 2012, excluding the joint venture with Mouchel, which is not included in this acquisition.

Mouchel has acquired Enterprise’s 50% shareholding in joint venture EnterpriseMouchel which will continue to operate as a fully incorporated company.

Enetrprise has 9,600 employees and provides environmental, property and utilities services as well as road maintenance for public and regulated sector clients.

Santiago Olivares, CEO of Ferrovial Services, said: “The acquisition of Enterprise will create value through synergies derived from integrating it into Amey.

“The deal strengthens our position in markets with growth potential. In terms of client types, range of services and geographical footprint, the two companies are highly complementary and offer great potential to share resources.

“The newly combined company will have the capability to offer our clients added value integrated services in an efficient way.”

Ferrovial Services will appoint Mel Ewell, current CEO of Amey, as CEO of the newly combined company once the transaction is completed.

Ewell said: “This acquisition will be pivotal for the UK marketplace, creating a business with the breadth and depth of service to respond to today’s market dynamics.

“Public and regulated clients are seeking radical reform in the shape of more efficient services which don’t compromise on quality or the service to the public.

“Our leading asset management and consulting capability, paired with Enterprise’s additional range of services, will ensure that the combined company can deliver a truly transformational service.”

Closure of the transaction is subject to approval by the European Commission.
Highways jobs

Definitive Map Manager

Cambridgeshire County Council
£32,825 - £35,401
This role is based within the Highways Service at Cambridgeshire County Council and provides an unusual and... Cambridgeshire
Recuriter: Cambridgeshire County Council

Bridge Park Operations Manager

Brent Council
£38,799 - £41,706 p.a. inc.
This is an exciting opportunity to play a key role in managing the operations and contributing towards the... Brentford (City/Town), London (Greater)
Recuriter: Brent Council

Assistant Engineer

Cambridgeshire County Council
£21,074 - £30,756
A great opportunity for someone looking to start or develop a career in Highways Engineering including the... Cambridgeshire
Recuriter: Cambridgeshire County Council

Head of Strategic Transport

Cheshire East Council
£64,000 - £75,000 + benefits
We’re committed to “working for a brighter future together” – and we expect you to be too! Cheshire
Recuriter: Cheshire East Council

Regeneration Manager

Mole Valley District Council
£52,895 - £57,143 FTE
This is a great career opportunity to specialise in town centre regeneration and repositioning. Dorking, Surrey
Recuriter: Mole Valley District Council

Technical Services Officer (Mechanical)

Kirklees Metropolitan Council
£36,876 - £38,813
This is an exciting and challenging time for Kirklees and we want to expand our team to manage and deliver construction... Kirklees, West Yorkshire
Recuriter: Kirklees Metropolitan Council

Road and Footway Asset Engineer

Kent County Council
£28,925 per annum
An exciting opportunity has arisen to join the Road and Footway Asset Team as an Asset Engineer. Kent
Recuriter: Kent County Council

Head of Waste

Lincolnshire County Council
£65,651 - £70,725
As Head of Waste, you will be commercially focussed and forward-thinking. Lincolnshire
Recuriter: Lincolnshire County Council

Assistant Director

Reading Borough Council
Up to £92k
It’s the ideal time to take the lead on our modernisation agenda, and deliver growth in the trading of our front line services. Reading, Berkshire
Recuriter: Reading Borough Council

Assistant Director – Highways

Lincolnshire County Council
£82,264 - £107,878
Come and lead the future agenda for our highways services. Lincolnshire
Recuriter: Lincolnshire County Council

County Highways Manager

Lincolnshire County Council
£55,503 - £60,578
Seeking a highly motivated leader and an excellent communicator, who has a proven ability to build relationships and trust, leading by example. Lincolnshire
Recuriter: Lincolnshire County Council

Local Highways Manager (East) - Lincolnshire County Council

Lincolnshire County Council
G12 £43,662 - £50,430
Seeking someone who combines excellent technical knowledge with a dedication to the customer. Lincolnshire
Recuriter: Lincolnshire County Council

Download your Highways App

Google App Apple App

Highways on Fridays

Latest Issue

latest magazine issue

Latest Issue

The ALARM survey 2019

Game over for flyovers?

Traffex, Parkex and Cold Comfort Scotland previews

View the latest issue

Latest Video