Home » Vila Real Group “engineers” acquisitions to earn 15 million – SME

Vila Real Group “engineers” acquisitions to earn 15 million – SME

by archyw

NRV – Norvia Consultores de Engenharia closed the acquisition of two companies – Elsamex Portugal and LCW Consult – which add 50 workers and 3.5 million euros to the turnover of the Vila Real group, which thus reinforces its operations in the areas hydraulics, special structures (bridges and viaducts) and geotechnics.

Founded in 1987, the engineering consultant with offices in Vila Real, Lisbon, Funchal and Ponta Delgada, as well as subsidiaries and local structures in Angola, Mozambique, Cape Verde, Senegal and presence in the Middle East, now employs 200 people and estimates reach the end of 2021 with a turnover in the order of 15 million euros.

“These acquisitions continue a path of growth over more than 30 years in a solid team work. Today we are a major reference in the national engineering consultancy market and we have a prominent position in critical areas that allows us to respond a comprehensive and global approach to the large projects of the near future”, emphasizes Tomás Espírito Santo, executive president of NRV.

We have a prominent position in critical areas that allows us to respond comprehensively and globally to the major projects of the near future. Tomás Espírito Santo, executive president of the NRV

Quoted in a note sent to newsrooms this Monday, July 19, without detailing the amount of these acquisitions, the manager of the northern group, which says it currently has more than 300 engineering projects underway, highlights the previous relationship with these companies and the mutual knowledge of the teams as “basic criteria for [ter considerado] these opportunities. “

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What do the new companies in the group do?

Appointed as a reference company in the Portuguese market in the area of ​​bridges, hydraulic works and dams, LCW Consult, based in Lisbon, has in its portfolio several important works, such as the Viaduto do Corgo, which is the highest of the Iberian Peninsula and one of the largest in Europe.

Elsamex Portugal, until now a subsidiary and participated in the Spanish group specializing in road maintenance, starts operating under the Geovia brand. It will be fully integrated into the structure of the new owners, with whom it already collaborated in the areas of geotechnics and pavement survey and monitoring.

200Workers

The Norvia group now employs around two hundred people in companies located in Portugal, Cape Verde, Senegal, Angola and Mozambique.

After these acquisitions, in the national market the Norvia Group now includes NRV (parent company), NRV Madeira (headquarters in Funchal), MSW (maritime and port works), Geovia (geotechnics, special foundations and tunnels) and LCW (bridges, hydraulic works and dams). Abroad, it has NRV Cabo Verde (Praia), NRV Norvia WA (with headquarters in Dakar, is the base of operations in West Africa), NRV Angola (Luanda) and NRV Moçambique (Maputo).

(News updated at 10:20 am with more information on acquired companies)

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