Porr Polish deal complete

By Sandy Guthrie17 August 2015

Regulatory approval has been given for the purchase of Bilfinger Infrastructure by Austrian contractor Porr.

The deal has now been closed with Porr having signed a contract with Bilfinger SE to buy its Polish subsidiary in June.

As a result of the clearance by antitrust authorities, Bilfinger Infrastructure SA becomes a part of Porr with immediate effect, and will operate as an independent subsidiary in Poland under the name Porr Polska Infrastructure SA.

Porr said there would be no change to the firm’s focus, which is on road and bridge construction, civil engineering and power plant construction.

Karl-Heinz Strauss, CEO of Porr, said, “The takeover of Bilfinger Infrastructure in Poland and Norway marks the achievement of a new milestone for Porr – the knowhow and market presence of our new colleagues in Poland is the ideal complement to the top building construction and railway engineering expertise of our Porr Polska team.

“What’s more, it opens up an exceptionally interesting new market for us through three existing bridge construction projects in Norway.”

Bilfinger Infrastructure generated production output of €166 million in 2014 with nearly 800 employees – of which around 100 are in Norway. The purchase price amounted to €21.5 million.

Latest News
United Q2 revenues on par with pre-pandemic levels
United Rentals increases full-year guidance after announcing Q2 equipment rental revenues of $1.951 billion, up 18.8% year-over-year
Bauer India starts on Teesta VI Hydro Electic project
Foundation and geotechnical works to help generate 500MW of electricity harvested from the natural flow of the Teesta River in India
Meester named president of Genie
Industry veteran’s career includes stints at Eaton, Caterpillar and Sandvik