PORR significantly expands presence in poland and norway: PORR wraps up takeover of BILFINGER INFRASTRUCTURE S.A.b

Vienna, 14 August 2015 – PORR AG signed the contract with Bilfinger SE to buy its Polish subsidiary Bilfinger Infrastructure S.A. in June and the takeover officially closed today following approval by the antitrust authorities. Bilfinger Infrastructure S.A. is thereby part of PORR with immediate effect and will operate as an independent subsidiary in Poland under the name PORR Polska Infrastructure S.A. There will be no change to the firm’s focus on the business fields of road and bridge construction, civil engineering and power plant construction.
 
“The takeover of Bilfinger Infrastructure in Poland and Norway marks the achievement of a new milestone for PORR: the knowhow and market presence of our new colleagues in Poland is the ideal complement to the top building construction and railway engineering expertise of our PORR Polska team. What’s more, it opens up an exceptionally interesting new market for us through three existing bridge construction projects in Norway”, said Karl-Heinz Strauss, CEO of PORR AG, on the successful takeover.
 
Bilfinger Infrastructure S.A. generated production output of EUR 166m in 2014 with nearly 800 employees – of which around 100 in Norway. The purchase price amounted to EUR 21.5m.