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| Strabag announces approval for acquisition of Kirchner Austrian construction company Strabag announced it received approval by the cartel authorities for its majority stake in German construction firm Kirchner Holding GmbH. Strabag SE will consolidate the investment in full already in the third quarter 2008. Strabag SE had announced its intention of acquiring a stake in Kirchner in April of this year. The leading construction SME, active mainly in the infrastructure construction segment, generated a construction output volume of € 373.4 million and employed 1,500 persons in 2007. Kirchner perfectly complements Strabag SE's business activities in Germany. Furthermore, its presence in the field of road construction in Poland represents an important addition to the capacities for Strabag's current activities on this rapidly growing market. write your comments about the article :: © 2008 Construction News :: home page |