Carmacks carries out highway construction and maintenance works as well as operating and maintaining road infrastructure under long-term contracts in Edmonton and Calgary. It has traditionally been active with local public authorities but has also developed a portfolio of private sector clients.
Carmacks generates revenue of about C$200m ((£127m)) and is active throughout the Canadian province of Alberta, which is experiencing rapid economic growth.
With this acquisition, Eurovia will now operate in three Canadian provinces - Alberta, British Columbia and Quebec.
The transaction is subject to approval by the Canadian competition authorities.
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