Strabag in €210 million Ed Züblin acquisition

Premium Content

08 April 2016

Strabag has completed the acquisition of German-based Ed Züblin in a deal worth €210.3 million.

The Austrian-based construction company – which initially acquired its stake in Züblin in 2005 – now holds 100% of its shares.

Strabag’s subsidiary, Ilbau Liegenschaftsverwaltung, holds 94.9%, while the remaining shares have been acquired by a core shareholder of Strabag.

Strabag initially acquired its stake in Ed Züblin in 2005, following the insolvency of the then-owner Walter Bau, increasing its holdings through subsequent smaller purchases. Until now, Strabag held 57.26% of Ed Züblin’s shares.

Thomas Birtel, CEO of Strabag, said, “The full merger will allow an even closer partnership, facilitating the coordination of our corporate strategy and making cooperation easier within the group.

Webinar: Caterpillar experts to discuss the increasing importance of temporary power
Live event on July 7, will explore how businesses are using temporary power solutions to strengthen energy resilience
Product launch update: new tower cranes
New tower cranes launched into the North American market this year
Why rugged electronics are becoming mission-critical for off-road OEMs
Connectivity and digital controls are reshaping heavy equipment and manufacturers are finding performance depends as much on durable electronics as on the vehicles themselves