The company said Centex will give it a major domestic presence in the US. It added that the new company will give it annual US revenues of approximately $3.5bn.
 
Balfour Beatty Chief Executive, Ian Tyler, said: "Centex Construction is a high-quality building company which gives us profitable critical mass in the US in a core Balfour Beatty business and brings substantial new business development opportunities. We anticipate that it also will make a strong, immediate contribution to growth and generate significant value for our shareholders."
 
Balfour Beatty is already established in the US through Heery and Balfour Beatty Capital and its civil engineering business, Balfour Beatty Infrastructure and Balfour Beatty Rail.
 
Centex Construction will be renamed Balfour Beatty Construction.