logo
Share SHARE
FONT-SIZE Plus   Neg

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Rare commodities are worth more than good is a Chinese adage. And more so when it is in the sought-after drug space. Rare and ultra-rare diseases, also called orphan and ultra-orphan diseases, as the names imply, affect very small numbers of patients. So why the clamor? Shares of steel giant ArcelorMittal were losing around 4 percent in the early morning trading in Amsterdam after the company reported sharp decline in first-quarter EBITDA, a key earnings metric, as sales were weak with lower prices and production. Net loss, however, narrowed from last year. The company also confirmed its forecast for annual EBITDA, which is lower than last year. As the din settles down on a dismal quarter at one of the world's exciting tech company, it is time to sit back and take stock of what went wrong and will the wrong be righted in the near term?
comments powered by Disqus
Follow RTT