Bouygues buys Thomas Vale

Grant Prior 12 years ago

Bouygues has agreed a deal to buy Midlands construction business the Thomas Vale Group.

Thomas Vale employs over 700 people and expects to generate a turnover of just over £200m for the financial year to March 2012.

Thomas Vale specialises in new build and refurbishment in the public and private sectors including the retail, office and leisure market

It also has a proven track record in housing and regeneration through its long-term public sector partnerships.

The deal is the latest stage in Bouygues’ UK expansion programme in the UK following the acquisitions of Warings, Leadbitter, Denne and ETDE.

Thomas Vale will be bought via its subsidiary Bouygues Bâtiment International.

Olivier-Marie Racine, Deputy CEO of Bouygues Construction and Chairman of Bouygues Bâtiment International, said: “Thomas Vale is a company with an impressive performance history, solid strategic partnerships and a strong heritage in the Midlands.

“This is an important region of England for the Bouygues Group and a great addition to our UK portfolio.”

Madani Sow, Chairman of Bouygues UK, Warings and Bouygues Development, said: “This is a great step forward for Bouygues in the UK, enabling us to enhance our construction capabilities and extend our geographical reach.

“We are confident that the vision and values we share with Thomas Vale will enable us to capitalise on the strengths of our UK construction subsidiaries.”

Tony Hyde, Group Managing Director of the Thomas Vale Group, said: “This is a very exciting time for the Thomas Vale Group, its employees, clients and other stakeholders.

“The resources that are now available to us through the Bouygues Group will allow us to continue to increase our market share in our key industry sectors.

“This move will allow the business to capitalise on additional emerging markets and opportunities which complement our skills and experience.

“We look forward to continuing our working relationships with our public and private sector clients.”

The deal is subject to approval by the European Commission competition authorities.

Thomas Vale currently operates from offices in Stourport, Bilston, Birmingham, Hereford, Kidderminster, Pendeford, Pensnett, Sandwell, Stafford, Stoke on Trent and Yardley.

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