Strabag acquires new company
By Neill Barston30 September 2014
Construction group Strabag has confirmed its acquisition of Voith subsidiary company, DIW Instandhaltung.
The move comes as part of the German firm’s plans to expand its property and service portfolio to include industrial cleaning.
According to Strabag, its latest deal will help consolidate it as one of the largest facility services companies in Germany, with forecast revenues of around €1 billion.
DIW’s approximately 6,000 employees generate revenue of about € 175 million a year. Of this amount, 75% is generated in Germany, where the company has a nationwide presence, and 25 % at its nine locations in Austria.
Its services cover technical industrial cleaning as well as infrastructural and technical facility management for industrial companies.
Thomas Birtel, CEO of Strabag SE said, “With DIW, we are acquiring a successful company that perfectly complements the services offered by STRABAG PFS. DIW’s industrial focus is a valuable addition to our range of services and our circle of clients”