|
contents | business | |||||||||
| Hochtief takes over Vattenfall Construction giant Hochtief is acquiring the German energy contracting unit of the Vattenfall Group. Vattenfall Europe Contracting GmbH, Hamburg, will form an important element in expanding the spectrum of what Hochtief offers in the field of energy contracting and energy management. Hochtief already operates successfully in this growing segment, and the acquisition - which comes into effect immediately - will make it one of the leading players in this sector in Germany, with aggregate sales revenues of EUR 90 million. 240 Vattenfall employees will be joining Hochtief. Both sides have agreed to maintain confidentiality regarding the purchase price. write your comments about the article :: © 2007 Construction News :: home page |