VINCI to acquire Fletcher Construction for €630m annual revenue
VINCI Construction has signed an agreement to acquire New Zealand-based Fletcher Construction, which generated €630 million in annual revenue and employs 2,300 workers. Pending regulatory approval in 2026, the deal will bolster VINCI’s hydraulic, maritime, port, airport, railway, road and renewable energy operations in New Zealand’s infrastructure market.
1. Strategic Acquisition of Fletcher Construction in New Zealand
VINCI Construction signed a definitive agreement to acquire Fletcher Construction, a subsidiary of New Zealand’s Fletcher Building Group, pending regulatory approval and expected to close in H1 2026. The deal adds approximately €630 million in annual revenue and a workforce of 2,300 employees, boosting VINCI’s local revenue from €900 million in 2024 to over €1.5 billion. Fletcher’s expertise spans hydraulic, maritime, port, airport, railway, road works and renewable energy projects, complementing VINCI’s existing HEB Construction operations and positioning the group as a leading infrastructure player in a market that grew 8 % in 2025.
2. Awarded Contract for Romainville-Bobigny Waste Treatment Plant Renovation
In January 2026, VINCI Energies secured a €210 million contract to renovate the Romainville-Bobigny waste treatment facility on the outskirts of Paris. Scope includes modernization of digestion units, installation of advanced biogas purification systems and construction of a new modular sorting hall. Project delivery is scheduled over 30 months, with operations set to reduce site emissions by 25 % and increase biogas output by 40 %, reinforcing VINCI’s commitment to decarbonisation targets across its concessions and energy services.
3. Progress in Annual Share Buyback Programme
Between January 12 and January 16, 2026, VINCI SA repurchased a total of 478,282 treasury shares under the buyback authorization granted April 17, 2025. Transactions occurred across four markets (XPAR, CEUX, AQEU, TQEX), with an aggregated average purchase price of €117.36 per share. These acquisitions represent 0.05 % of share capital and bring total shares bought back in the programme to 3.2 million year-to-date, supporting the group’s long-term capital structure optimisation and dividend policy consistency.