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

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