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| Bilfinger Berger acquires industrial services provider LTM German construction firm Bilfinger Berger has acquired an 80 percent stake in LTM, a French industrial services provider. The company, which is headquartered in Lyon, generates annual turnover of €40 million with 110 employees. The parties to the sale have agreed not to disclose any details on the purchase price. Within the scope of a management participation model, the remaining 20 percent stake in the company will be retained by the Managing Director who was previously sole proprietor. write your comments about the article :: © 2009 Construction News :: home page |