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Grontmij buys stake in Hungarian engineering office

Netherlands-based Grontmij, Europe's third-biggest engineering office, has purchased a 75% stake in Hungarian peer Canor International, Grontmij announced.

Miklós Lukács, managing director of Canor International, which will soon be renamed Grontmij Canor, said engineering staff at the company is expected to grow from 40 to 150 within two years as a result of the purchase.

Canor International has served as project manager for the construction of 30 Tesco supermarkets as well as plants for GE, Nokia and Bosch.

Grontmij has 130 offices all around Europe. Among its projects are the construction of a €5 billion high-speed rail line between Germany and France. (MTI – Econews)