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| Strabag acquires industry services provider DIW Austrian construction group Strabag SE has acquired DIW Instandhaltung Ltd. & Co. KG of Stuttgart, a 100 % subsidiary of Voith GmbH, for integration into its property and facility services division Strabag PFS. The closing of the transaction took place on Tuesday, September 30th 2014. With the acquisition, Strabag PFS expands its service portfolio to include industrial cleaning and consolidates its position as the second-largest facility services company in Germany with forecast revenue of around € 1 billion. The purchase price lies in the double-digit million euro range. DIW's approximately 6,000 employees generate revenue of about € 175 million a year. Of this amount, 75 % is generated in Germany, where the company has a nationwide presence, and 25 % at its nine locations in Austria. The company's services primarily cover technical industrial cleaning as well as infrastructural and technical facility management for industrial companies. write your comments about the article :: © 2014 Construction News :: home page |