FCC buys Alpine

25 April 2008

FCC has agreed to pay € 480 million for an 80,7% stake in Alpine Mayreder Bau, Austria's second-largest construction group. Alpine expects revenues of € 2,01 billion in 2006 and projected Earnings Before Interest, Tax and Amortisation (EBITA) of € 115 million. Its order backlog is expected to total € 2,8 billion by the time the deal is complete.

The announcement follows FCC's acquisition of Austrian environmental services company ASA from the French energy company EDF for € 224 million, and Czech water company Severomoravské Vodovody a Kanalizace Ostrava, (SmVaK) for € 248 million.

FCC is expected to integrate Alpine into its existing operations and, according to a company spokesman, will use all three acquisitions as a “springboard for expansion” in Central and Eastern Europe.

Latest News
Piedmont Hoist & Crane acquired
Following the purchase by Mazzella Companies, the North Carolina-based manufacturer will now operate as Mazzella Piedmont.
What are the newest boom trucks in North America?
Boom trucks fill an important market niche.
Epiroc completes purchase of autonomous mining company
Epiroc buys remaining share of OEM agnostic autonomous mining solutions company