The acquisition, made by its US Construction Services division, cost US$20 million (£12 million).
Fru-Con is based in Virginia and has annual revenue of approximately US$80 million (£49 million) and was acquired from Bilfinger-Berger.
The acquisition expands Balfour Beatty’s operations in water infrastructure work and will enable it to grow further in the other US markets.
Balfour Beatty chief executive, Ian Tyler, said: “The acquisition of Fru-Con is a significant step in enhancing our capabilities in the attractive US water market.”
Alison Brown
© Faversham House Ltd 2023 edie news articles may be copied or forwarded for individual use only. No other reproduction or distribution is permitted without prior written consent.
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