Porr and Strabag raids

By Thomas Allen17 May 2017

127362 khl com pic template (large) this one

The two Austrian-based construction companies Porr and Strabag are among approximately 20 firms that were recently raided on the grounds of “reasonable suspicion of price fixing”, according to the Austrian Competition Authority.

On 3 May, dawn raids were carried out on four sites belonging to Porr and its subsidiary Teerag-Asdag.

The company said it had initiated an internal investigation into the matter and was co-operating fully with the authorities.

Strabag, which was also subject to searches, said there were allegations of price-fixing among its Austrian subsidiaries in Spittal an der Drau and Vienna. The company said it immediately provided the documents and records that were requested to support the investigation.

Strabag said it had called in the Internal Audit Department, which was tasked with reviewing and examining all potentially relevant projects over the next few weeks.

The investigation is ongoing.

Latest News
Caterpillar unveils off-highway equipment batteries
Company to show prototypes during Bauma event
Bishop Lifting purchases Oregon-based Westech Rigging
Bishop Lifting Products has completed the acquisition of Westech Rigging Supply, with locations in Eugene and Salem. 
Danfoss to highlight technologies for construction machinery
Company will showcase Plus+1 autonomous systems, mobile hydraulics and Editron electrification portfolio