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| Strabag acquires Swedish Oden Austrian construction giant Strabag SE has acquired an 85 % stake in Swedish construction firm "Oden Anläggningsentreprenad AB". The Stockholm-based company generated revenues of about € 121 million and employed 400 people in 2007. Oden, considered a specialist for infrastructure projects in Sweden, generates about 60 % of its revenue in transportation infrastructures and 30 % in the field of tunnelling. The previous owners – a group of investors and the company management – see great potential in infrastructure in Scandinavia and were looking to accelerate the expansion with the help of a financially strong strategic partner from within the construction industry. write your comments about the article :: © 2008 Construction News :: home page |