Bilfinger in Water Technologies divestment

By Joe Malone08 February 2016

German engineering and services group Bilfinger has announced it is selling its water technologies division.

The divestment will see Chinese company Chengdu Techcent Environment Group acquire the division, in a deal said to be worth over €200 million.

Last October, Bilfinger said it had restructured its company, making industrial, and building and facility two independent segments, following changes by its board.

The company said it expected the transaction to be concluded during the first quarter of 2016.

The company’s water technologies division had around 1,600 employees, and generated an output of approximately €300 million in 2015.

Latest News
Can tech layoffs bridge the labor gap in construction?
The workforce distruption is a potential boon for the construction sector.
Contrary economic indicators suggest a curiously calm 2023
December construction spending and employment chaos offer insights that may silence the recession alarms
The evolution of SC&RA’s Specialized Transportation Symposium
Many of the modern achievements within the specialized transportation industry are the result of relationships born within the Symposium.