Soletanche Freyssinet, a subsidiary of VINCI a world’s leading construction and concessions company, has acquired AFS, a Sydney based piling and foundation contractor.
The investment by Soletanche Freyssinet will give AFS access to world leading experience, equipment and technologies in the soils and structures business. The Soletanche Freyssinet business model groups together more than 180 business units in over 100 countries working in specialist construction sectors, with a reputation for quality and innovation in geotechnical, environmental and civil engineering construction.
AFS Managing Director, Peter Longstaff says, “This is a significant milestone in our business and reflects the capability of the foundation skills of the people who are AFS and also provides a significant opportunity to allow us all to grow and compete in the changing foundation market in Australia.”
AFS has produced sustainable growth since its formation in 2002. The company has become a key player in the foundation market with an astute model of safety performance and reliability. In 2011, the company completed the Hume Dam spillway upgrade works, a complex project delivered with many challenges, utilising cutting edge design development and execution. Most recently, in 2012-13, AFS constructed the foundations for Lend Lease’s iconic urban renewal project, Barangaroo South development, Sydney.
AFS will operate in the Eastern region of Australia within the Menard Bachy geotechnical group.
Menard Bachy Oceania Managing Director, Paul McBarron states “This acquisition of AFS is key to our strategy of being able to provide a full range of geotechnical products and services across Eastern Australia.”
“We are currently represented in all major centres throughout Oceania, however AFS will bring additional operational capacity in terms of plant and human resources to our region, allowing for an effective utilisation and optimisation of equipment across the country.”
McBarron concludes “AFS, like other companies in our Group, is an excellent fit to our regional model, well run, effective in the market, with the right people and right attitude.”