EANS-News: Strabag PFS invests in industrial cleaning start-up (with attachments)

Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement.

New Products/Strategic management decisions

STRABAG Property and Facility Services (STRABAG PFS) is taking a 75 % stake in the Austrian Egger PowAir Cleaning GmbH, Salzburg, as part of a capital increase. The company, which has won several innovation and business awards, was founded in 2014 and currently has 15 employees. It generated sales of EUR 1.2 million in 2016.

Egger PowAir Cleaning specialises in the environmentally friendly cleaning of machinery and industrial facilities with compressed air (PowAir) as the primary cleaning agent. By adding various, non-toxic blasting abrasives such as glass, Egger PowAir Cleaning is able to perform 90 % of all technical cleaning required in the manufacturing industry without the use of water or chemical additives. In addition to the unique cleaning methods certified in accordance with DIN ISO 26000 Corporate Social Responsibility (CSR), the unique selling point is the highly flexible deployment of the cleaning team and their equipment with regard to both time and location.

"With regard to further growth, STRABAG PFS will always invest in companies that give us access to new technologies or markets," explains Marion Henschel, Vice Chair of the Management Board of the STRABAG PFS Group and Division Head, responsible among other things for finance and all M&A activities within the Group.

"This investment augments our service portfolio for industrial companies with a key competency that, alongside sales with many existing customers, also gives us access to previously untapped industries and sectors," says Stefan Babsch, Subdivision Head of STRABAG PFS International and Chairman of the Management Board of STRABAG PFS Austria.

STRABAG PFS expects sales to jump to EUR 4.0 million in the next two years merely as a result of the synergies with existing customers in Austria and Germany. In the future, founder Robert Egger (31) will be joined on the Management Board of Egger PowAir Cleaning by Gabriele Gailhart, Managing Director of STRABAG PFS Austria.

It was agreed not to disclose the exact volume of STRABAG PFS' investment.

end of announcement euro adhoc
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Attachments with Announcement:
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http://resources.euroadhoc.com/us/LHka1asz
http://resources.euroadhoc.com/us/7VvCyoyI

Pictures with Announcement:
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http://resources.euroadhoc.com/us/cBmYflDZ

company: STRABAG SE Donau-City-Straße 9 A-1220 Wien phone: +43 1 22422 -0 FAX: +43 1 22422 - 1177

mail: investor.relations@strabag.com

WWW: www.strabag.com sector: Construction & Property ISIN: AT000000STR1, AT0000A05HY9 indexes: WBI, ATX Prime, ATX, SATX stockmarkets: official market: Wien language: English

Digital press kit: http://www.ots.at/pressemappe/4106/aom

Rückfragen & Kontakt:

STRABAG SE
Diana Neumüller-Klein

Head of Corporate Communications & Investor Relations

Tel: +43 1 22422-1116
diana.klein@strabag.com

ORIGINAL APA-OTS TEXT - THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS SUBJECT TO THE EXCLUSIVE RESPONSIBILITY OF THE ISSUER | CNE0001