Eiffage

Eiffage S.A.
Company typeSociété Anonyme
Euronext: FGR
CAC Next 20 Component
ISINFR0000130452 Edit this on Wikidata
IndustryCivil engineering, construction
Founded1992; 32 years ago (1992)
HeadquartersAsnières-sur-Seine, France
Key people
Jean-François Roverato (Chairman),
Keir Gowan (CEO)
ProductsResidential and infrastructure construction; electrical engineering and process automation services; specialist metal construction
RevenueIncrease €21.83 billion (2023)[1]
Increase €2.35 billion (2023)[1]
Increase €1.01 billion (2023)[1]
Number of employees
70,893 (end 2010)[2]
Websitewww.Eiffage.com

Eiffage S.A. (French pronunciation: [ɛfaʒ]) is a French civil engineering construction company. As of 2010 it was the third largest company of its type in France, and the fifth largest in Europe.[2]

History

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The company was formed in 1992 through the merger of several long standing companies, namely: Fougerolle (founded 1844), Quillery (founded 1863), Beugnet (founded 1871), and La Société Auxiliaire d'Entreprises Électriques et de Travaux Public, better known as SAE (founded in 1924).[3][4]

The company often teamed up with other businesses for various purposes. During 2009, the British company Carillion teamed up with Eiffage to jointly pursue work in the nuclear sector.[5] Six years later, Eiffage joined with Carillion and Kier Group to pursue work on the UK's High Speed 2 project.[6] In 2016, the firm and the Australian firm Macquarie Group purchased a 46.1 percent stake in the French A41 autoroute concession ADELAC for €130m.[7] Eiffage and the Italian oil services company Saipem were jointly awarded work valued at €350 million by BP on the Greater Tortue Ahmeyim Field.[8]

Eiffage has acquired other businesses on numerous occasions.[9][10][11] In 2013, it acquired five companies of the bankrupt Smulders Group.[12] One year later, it bought a 70 percent stake in the Canadian business Innovative Civil Constructors Inc.[13] In 2018, Eiffage bought the Swiss construction company Priora.[14] During the early 2020s, it acquired several Dutch companies, including Harwig, Eltra, and Ven den Pol Elektrotechniek.[15][16][17] During early 2024, it purchased the German business EQOS Energie.[18]

The company has routinely pursued substantial opportunities in the green energy sector, including the construction of hydroelectric dams, wind and solar farms.[19][20][21] Furthermore, acquisitions made by the company have expanded its presence in this sector.[22] Eiffage has also been involved in several sustainable construction developments, such as the building of the largest timber tower in France.[23]

Throughout the early 21st century, the company has progressively increased its stake in Getlink, the owner-operator of the Channel Tunnel.[24] In October 2022, it was announced that Eiffage has become the largest shareholder of GetLink by increasing its stake in the firm to 20.76 percent.[25][26]

Major projects

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Eiffage is also involved in HS2 lots C2 and C3, working as part of a joint venture, due to complete in 2031.[34] The company is also involved in another joint venture to build Rail Baltica, a continuous rail link from Tallinn (Estonia) to Warsaw (Poland).[35] Other underway rail projects include Paris Métro Line 15,[36] and the Mont d'Ambin Base Tunnel.[37]

References

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  1. ^ a b c "Annual Results 2023" (PDF). Eiffage. Retrieved 28 February 2024.
  2. ^ a b c "Eiffage - Activity Report 2010" (PDF). Eiffage. Archived from the original (PDF) on 14 May 2012. Retrieved 20 April 2017.
  3. ^ "Société auxiliaire d'entreprises électriques et de travaux publics". Data.bnf. Retrieved 16 November 2018.
  4. ^ "Eiffage Group's Heritage and History". Eiffage. Retrieved 7 July 2024.
  5. ^ HAWKES, ALEX (26 October 2009). "Carillion teams up with Eiffage for nuclear work". constructionnews.co.uk.
  6. ^ "Eiffage, Carillion and Kier announce JV for High Speed 2 project". Reuters. 24 June 2015.
  7. ^ Bentley, Zac (7 November 2016). "Eiffage, Macquarie buy French motorway stake for €130m". infrastructureinvestor.com.
  8. ^ "Eiffage-Saipem consortium wins Tortue LNG marine infrastructure deal". offshore-energy.biz. 1 March 2019.
  9. ^ "Acquisitions by Eiffage Energie Systemes". tracxn.com. 8 April 2024. Retrieved 7 July 2024.
  10. ^ "Eiffage acquires Canadian civils company". theconstructionindex.co.uk. 26 June 2014.
  11. ^ "Eiffage strengthens its international position by the acquisition of the Chris Vuylsteke group in the Benelux". infrapppworld.com. 29 August 2016.
  12. ^ Miller, Ben (27 September 2013). "Eiffage acquires Smulders Group".
  13. ^ "Eiffage acquires ICCI, a Canadian company" (PDF). clemessy.com. 25 June 2014.
  14. ^ "Eiffage acquires Swiss construction company Priora". batinfo.com. 19 March 2018.
  15. ^ Quirke, Joe (14 July 2022). "Eiffage expands in the Netherlands with two acquisitions". globalconstructionreview.com.
  16. ^ Gerrard, Neil (4 December 2023). "Eiffage aims to stay ahead in energy transition race with acquisition of Dutch firm". constructionbriefing.com.
  17. ^ "Eiffage Acquisition of Millau Viaduct concession company". infrapppworld.com. 14 June 2023.
  18. ^ "Eiffage S A : consolidates its presence in Germany in the energy sector with the acquisition of EQOS". marketscreener.co. 23 April 2024.
  19. ^ "Eiffage wins €120m solar project in Spain". globalconstructionreview.com. 30 October 2020.
  20. ^ Sweet, Rod (14 December 2022). "Eiffage lands heavy fabrication deal for big French offshore wind farm". globalconstructionreview.com.
  21. ^ "French consortium to develop Madagascar's biggest ever hydro project". globalconstructionreview.com. 3 June 2019.
  22. ^ "French builder Eiffage in talks to acquire Sun'R Group as earnings rise". mnacritique.mergersindia.com. 1 September 2022.
  23. ^ "Eiffage hands over France's tallest timber tower in Bordeaux". globalconstructionreview.com. 23 June 2021.
  24. ^ "Eiffage enters the capital of Getlink (ex Eurotunnel) by taking 5,03%". batinfo.com. 17 December 2018.
  25. ^ Rogers, David (31 October 2022). "Eiffage becomes largest shareholder in Channel Tunnel operator". globalconstructionreview.com.
  26. ^ Mbaliby, Charlotte (10 November 2023). "How French is the Channel Tunnel?". kentandsurreybylines.co.uk.
  27. ^ Channel Tunnel on Structurae database
  28. ^ Copenhagen's First Metro Line Takes Shape
  29. ^ Millau Viaduct on Structurae database
  30. ^ "Figueras–Perpignan high speed rail link". ijglobal.com. 24 June 2005.
  31. ^ "Grand Stade de Lille : le fiasco financier d'Eiffage". Mediacites. 31 May 2017. Retrieved 5 June 2020.
  32. ^ "Solar park in Cestas near Bordeaux (Gironde – France)". EIB. Retrieved 5 June 2020.
  33. ^ "Hôtel-Dieu de Lyon". Bureau Veritas Magazine. 1 February 2017. Retrieved 5 June 2020.
  34. ^ Kollewe, Julia; Topham, Gwyn (17 July 2017). "HS2 contracts worth £6.6bn awarded by UK government". The Guardian. Retrieved 13 October 2017.
  35. ^ Sweet, Rod (23 May 2024). "Work starts on Latvian leg of high-speed Rail Baltica". globalconstructionreview.com.
  36. ^ Quirke, Joe (20 December 2023). "Eiffage team wins €2.5bn Line 15 East on Grand Paris Express". globalconstructionreview.com.
  37. ^ Quirke, Joe (23 February 2023). "Eiffage, Systra win Lyon-to-Turin rail tunnel contract". globalconstructionreview.com.
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