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 EUR 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 EUR 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 EUR 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
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1897985 07.05.2024 CET/CEST