Soletanche Freyssinet has taken its holding
in the share capital of Freyssinet Espagne to 100%.
Freyssinet Espagne, which was previously jointly controlled with a Spanish partner, holds all of Soletanche Freyssinet’s operations in the fields of structures (Freyssinet) and reinforced earth (Terre Armée) in the Iberian Peninsula, in Mexico and in South America.
Freyssinet Espagne posted 2013 revenue of €120 million, of which 80% was generated in Latin America. This latest move accelerates Soletanche Freyssinet’s international expansion and raises the portion of its revenue made outside Europe to over 60%.
With the consolidation of a network of some 10 additional subsidiaries in Latin America, Soletanche Freyssinet will be in a position to better take advantage of the continent’s growth potential.