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EQS-News: STRABAG SE / Key word(s): Acquisition
STRABAG expands service portfolio in technical facility management with acquisition of parts of VAMED
2024-05-07 / 22:40 CET/CEST
The issuer is solely responsible for the content of this announcement.
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.  
2024-05-07 CET/CEST This Corporate News was distributed by EQS Group AG. www.eqs.com  
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 2024-05-07 CET/CEST

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May 07, 2024 16:40 ET (20:40 GMT)