Strabag makes key acquisitions

Strabag is boosting its operations with the planned acquisition of Swiss firms Brunner Erben Holding and Astrada.
March 2, 2012 Read time: 1 min
945 Strabag is boosting its operations with the planned acquisition of Swiss firms Brunner Erben Holding and Astrada. The deal still has to be cleared by the competition authorities and the size of the transaction has not been revealed. The move will make Strabag the third largest construction company in Switzerland and this portion of the firm's business is expected to generate revenues of around €615 million/year. Brunner Erben is a construction company with a regional focus in Zurich and eastern Switzerland. Astrada's regional focus is on the cantons of Solothurn and Bern.

For more information on companies in this article

Related Content

  • Make the case for electronic tolling, ASECAP conference delegates heard
    September 14, 2015
    Mobility pricing and electronic tolling is the future, delegates to a recent ASECAP Study Days conference, reports Geoff Hadwick at the Lisbon event. The international road tolling industry is failing to make its case and the sector is losing out to other social and political lobby groups. As a result, “tolling is still on the sidelines”, according to the head of the Washington-based International Bridge, Tunnel and Turnpike Association. IBTTA chief executive Pat Jones issued his stark warning at the
    Read More
  • New Zealand lobbyists want tunnel from Panmure to Auckland
    May 13, 2016
    Lobby group New Zealand Council for Infrastructure Development has released a report assessing Auckland's congestion problem which costs the city about US$1.02 billion a year. The city’s increasing car gridlock will grind the economy to a halt, said Stephen Selwood, the group’s chief executive. However, part of the solution, according to the report, could be a major 11km road tunnel from the Panmure district to Auckland’s central business district. Selwood criticised Auckland city’s transport policy p
    Read More
  • Japan's record boost for Bangladesh economy
    February 13, 2012
    The overseas aid arm of the Japanese government has given the green light to three record loans, totaling US$670 million in support of Bangladesh's growing economy.
    Read More
  • Caterpillar’s strong financial performance for 2017
    January 26, 2018
    Caterpillar has announced strong fourth-quarter and full-year results for 2017. Sales and revenues in the fourth quarter of 2017 were US$12.9 billion, compared with $9.6 billion in the fourth quarter of 2016. Fourth-quarter 2017 loss was $2.18/share, compared with a loss of $2/share in the fourth quarter of 2016.
    Read More

Highlighted Content