EQS-News: STRABAG expands service portfolio in technical facility management with acquisition of parts of VAMED

EQS-News: STRABAG SE / Key word(s): Acquisition
STRABAG expands service portfolio in technical facility management with
acquisition of parts of VAMED

07.05.2024 / 22:40 CET/CEST
The issuer is solely responsible for the content of this announcement.

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STRABAG expands service portfolio in technical facility management with
acquisition of parts of VAMED

• Acquisition of technical operations management and construction
projects divisions of Vienna General Hospital (AKH Wien), Austrian
project development business and spa holdings
• Purchase agreement signed by joint STRABAG SE and PORR AG holding
company, total purchase price around € 90 million
• Finalisation of transaction on part of STRABAG SE subject to approval
by Supervisory Board

STRABAG has signed a purchase agreement together with PORR for parts of
the VAMED Group, specifically for the technical operations management and
construction projects divisions of Vienna General Hospital (AKH Wien) as
well as VAMED’s Austrian project development business and its Austrian spa
holdings, for a total purchase price of € 90 million. The acquisition
expands STRABAG’s service portfolio in technical facility management to
include the highly demanding medical sector while enhancing its expertise
in project development in the healthcare sector. The agreement remains
subject to approval by the Supervisory Board of STRABAG SE.

The acquisition comprises the following parts of the VAMED Group:

• technical operations management and construction projects divisions of
Vienna General Hospital (as part of VAMED subsidiaries VKMB and VKP)
• VAMED’s Austrian project development business (as part of VSG and its
subsidiaries) 
• Austrian spa holdings

The seller of these holdings is VAMED AG, which is majority-owned by
Fresenius SE & Co. KGaA of Germany. The package does not include the
project development business outside of Austria, the hospital services
business or VAMED’s post-acute business, in particular the rehabilitation
business, which was recently sold to PAI Partners.

The acquisition is to be realised via a joint holding company, with PORR
AG and STRABAG SE holding a 50% stake each. The transaction is also
subject to approval by the relevant competition authorities.

“This acquisition allows us to pursue two key topics of our Strategy 2030:
further increasing our depth of value creation in this segment and
expanding our expertise in technical facility management, specifically in
the demanding medical sector,” says Klemens Haselsteiner, explaining the
planned acquisition. The provision of mechanical and electrical
engineering plays an increasingly important role in construction projects.
A solution from a single source – spanning the design, build and operate
phases – is an attractive option for clients that provides greater
planning and budget certainty.

STRABAG strengthens market position in technical operations management

The STRABAG Group already offers extensive and integrated real estate
services through its subsidiary STRABAG Property and Facility Services, a
leader in digital and technical expertise in every phase of the property
lifecycle – from offices to industrial and production sites, from
logistics centres to technical buildings and data centres. The service
portfolio includes technical and infrastructure facility management,
property management, building technology and specialised industrial
services. Technical facility management in particular involves keeping
critical infrastructure running with a high level of expertise.

STRABAG SE is a European-based technology group for construction services,
a leader in innovation and financial strength. Our activities span all
areas of the construction industry and cover the entire construction value
chain. We create added value for our clients by taking an end-to-end view
of construction over the entire life cycle – from planning and design to
construction, operation and facility management to redevelopment or
demolition. In all of our work, we accept responsibility for people and
the environment: We are shaping the future of construction and are making
significant investments in our portfolio of more than 250 innovation and
400 sustainability projects. Through the hard work and dedication of our
approximately 86,000 employees, we generate an annual output volume of
around € 19 billion.

Our dense network of subsidiaries in various European countries and on
other continents extends our area of operation far beyond the borders of
Austria and Germany. Working together with strong partners, we are
pursuing a clear goal: to design, build and operate construction projects
in a way that protects the climate and conserves resources. More
information is available at www.strabag.com.

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07.05.2024 CET/CEST This Corporate News was distributed by EQS Group AG.
www.eqs.com

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Language: English
Company: STRABAG SE
Donau-City-Straße 9
1220 Vienna
Austria
Phone: +43 1 22422 – 1089
Fax: +43 1 22422 – 1177
E-mail: investor.relations@strabag.com
Internet: www.strabag.com
ISIN: AT000000STR1, AT0000A36HJ5
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 1897985

 
End of News EQS News Service

1897985  07.05.2024 CET/CEST