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| Strabag acquires Brunner Erben and Astrada in Switzerland Strabag SE, Central and Eastern Europe's largest construction company, announced the simultaneous acquisition of two established Swiss companies, Brunner Erben Holding AG, Zurich, and Astrada AG, Subingen (Solothurn). With a combined revenue of around CHF 320 million (€ 245 million) and a wide geographical presence, the simultaneous acquisition of Brunner Erben and Astrada represented a highly attractive opportunity to improve Strabag's strategic position on the Swiss market. Both companies have a long-standing tradition in their respective regions and have a combined workforce of around 1,000 well-trained employees. Brunner Erben is a construction company with a regional focus in Zurich and eastern Switzerland and offices in Zurich, Kreuzlingen and St. Gallen. The previously family-owned company is active on the Swiss market in the fields of civil engineering (special foundation engineering and road construction), building construction (incl. wood building) and transport and has smaller investments in the fields of construction materials. The company generates an output volume of about CHF 210 million (€ 160 million). The approximately 700 employees will continue their work within the Strabag Group. The Brunner Erben brand name and offices will remain. General contractor ARIGON is not part of the transaction and Peter Murbach, the previous sole owner of Brunner Erben, will maintain 100 % ownership of the company. Astrada's regional focus is on the cantons of Solothurn and Bern. The company maintains six offices and is active with about 350 employees in the fields of road and ground-level construction, railway and civil engineering, and industrial and residential construction. Astrada's output volume amounts to about CHF 110 million (€ 85 million). Strabag will also take on all employees from Astrada and maintain the brand name. write your comments about the article :: © 2011 Construction News :: home page |