Implenia is acquiring Bilfinger Construction

Implenia is acquiring the Bilfinger Construction GmbH unit from Bilfinger SE. The unit, with production output of around 650 million euros and 1850 employees, offers extensive infrastructure construction services in German-speaking Europe and in Scandinavia.

As one of the leading providers in the German market, Bilfinger Construction complements Implenia’s offering. The unit has excellent industry expertise and is a leading player in foundation engineering, civil engineering and tunnelling. The company has strong regional footholds in its target markets, Germany, Austria, Norway and Sweden. It has a high level of technical know-how and an attractive project and service portfolio. Bilfinger Construction also includes regional and technical companies with strong local roots. In its core markets of Germany and Austria these offer specialist services including for civil works, roadbuilding, civil engineering and formwork.

“Parting with what has been our traditional business for such a long time is not easy for us. It is therefore all the more pleasing that we have found a buyer like Implenia, one of Europe’s most renowned construction companies. We are certain that we are putting the Construction division in good hands. It will have very good development prospects in the new group of companies”, says Herbert Bodner, Chairman of the Executive Board at Bilfinger.

The two companies have complementary and attractive core markets, allowing Implenia to benefit from the long-term growth of the infrastructure market in Europe and increase the group‘s operational growth sustainably. In future, Implenia will have the critical mass in Germany, Austria and Scandinavia to leverage its track record and acquire and execute a greater number of complex projects. The two companies have already proved repeatedly that they are a good fit for each other. Over the last 15 years Implenia and Bilfinger Construction have successfully tackled numerous major projects together, including the Gotthard Base Tunnel, and the Zurich Cross-City Link.


Completion of the Acquisition is expected in the first quarter of 2015

Bilfinger Construction has been given an equity value of approximately 110 million euros, depending on 2014 financial statements. Completion of the transaction is subject to the approval of the competition authorities. Closing is scheduled for the period between the start of February/start of March 2015.


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