The French construction group Eiffage announced Monday the acquisition of Meccoli, specialist in the laying and maintenance of rail tracks in France.
The amount of the transaction has not been specified, but Eiffage said that Meccoli had an annual turnover of nearly 100 million euros.
"With this new acquisition, Eiffage is asserting its presence on the rail infrastructure market in France and internationally, and further strengthening its positioning as a recognized player in the sector," the group said in a press release.
The operation will be finalized in early 2019, said the construction specialist.
Eiffage benefited from solid activity on its works as on its concessions in the first half of 2018, increasing its net profit by a quarter.
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