SYSTRA Continues Its Expansion in Brazil
SYSTRA acquires VETEC, a Brazilian engineering company specialising in the transport sector
- This acquisition follows on from, and is complementary to, the acquisition of TECTRAN, a Brazilian consultancy firm, which became part of the Group in mid-2015.
- With more than 400 employees in Brazil, SYSTRA has all the resources necessary to strengthen its positioning on the Brazilian market and to tackle the public transport challenges in the region.
- With this new acquisition, SYSTRA is forging ahead with its international expansion strategy focused on strengthening local expertise with a view to supporting the development of transport infrastructure in high growth potential markets.
Founded in 1983 by three partners, Ettore Bottura, Victor Grostein and Roberto Pereira, VETEC provides project engineering, supervision and management services. Today the company employs more than 370 professionals. In addition to its headquarters in Sao Paulo, the company maintains offices in Manaus, Belem and Belo Horizonte.
Chairman of SYSTRA’s Management Board
« Brazil represents a big country challenge in which SYSTRA has decided to make a long-term investment by establishing itself locally. Despite the current crisis, we are convinced of the growth potential for transport infrastructures in this continent-size country and recognise the promise of its youthful and dynamic population. We expect the Brazilian economy to recover in the next few years. This new acquisition is fully in line with our strategy of targeted acquisitions in progress since 2014. More than 1,350 people have joined the group in the last two years in India, Brazil, the United Kingdom, Sweden and Australia. »
SYSTRA Latin America Regional Director, added:
« With the addition of TECTRAN and VETEC, SYSTRA employs now more than 400 professionals across six major cities in every region of the country. Consequently, we will have the necessary expertise to meet the growth challenges of transport infrastructures in both our Advisory and Engineering divisions. We can rely on VETEC’s sophisticated market knowledge and on its many project references (more than 400) to strengthen our position on the Brazilian market. »
VETEC partner, clarifies:
« Younger generations are increasingly concerned about the environment and value modes of transport that are more respectful of the planet, such as public transit. Joining SYSTRA will allow us to provide our clients, with whom we have built relationships of trust over the past 33 years, with extensive international experience in tramways, metros, conventional rail and high-speed railway lines. Becoming part of the SYSTRA Group will also put us in a better position meet the new challenges that are certain to emerge as our economy recovers. »