Bilfinger Berger (BFLBY.PK) said it has acquired Tebodin. The purchase price amounts to 145 million euros. Tebodin, which generates an annual output volume of 225 million euros and has 3,200 employees, is being sold by the Dutch Royal BAM Group.
Tebodin will serve as the basis for the establishment of a new Subgroup at Bilfinger Berger in the area of engineering and technologies. The company will be allocated to the Industrial Services reporting segment.
Bilfinger Berger is also applying its expertise in power plant technology to a joint venture with Tyazhmash, the Russian power plant outfitter. The newly-founded joint venture with power plant outfitter Tyazhmash has set itself the goal of playing a significant role in the required modernization of the Russian power plant network.
Bilfinger Berger holds a 51 percent stake in the new Bilfinger Babcock Tyazhmash.
by RTT Staff Writer
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