Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Bilfinger Berger Buys Tebodin - Quick Facts

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.

Click here to receive FREE breaking news email alerts for Bilfinger Berger AG and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Proctor and Gamble (PG) has sold two of its soap brands to European consumer products giant Unilever (UN). Cincinnati-based P&G says the sale includes the global Camay brand, the Zest brand outside of North America and its Talisman manufacturing plant in Mexico. The plant employs approximately... Dish Network is no longer carrying Fox News in yet another dispute for the television provider. Fox News, which changed the face of cable news with its ardent advocacy of conservative issues, went dark Sunday, replaced on Dish by The Blaze, Glen Beck's new right-leaning channel. Fox Business channel... Swiss drug maker Roche Holding said a late-stage trial of its breast cancer drug Kadcyla did not provide superior results compared with an existing therapy.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.