|
contents | business | |||||||||
| Strabag acquires Nimab Group in Sweden Vienna-based Strabag SE, Central and Eastern Europe's largest construction company, announced the 100 % acquisition of five subsidiaries of Sweden's Nimab Group. These are Nimab Entreprenad AB, Nimab Support AB, Nimab Anläggning AB, Nimab Fastigheter AB and Linnetorp AB. In the 2010 financial year, the companies generated a total output volume of about € 40 million (SEK 360 million) and together employed more than 200 employees. Nimab Holding AB will remain the property of the sellers Claes and Rickard Nilsson. Both will remain with the company, and Mr. Rickard Nilsson will remain managing director of the divested companies. With an annual output volume of about € 33 million (SEK 300 million) and 124 employees, Nimab Entreprenad AB, which is mainly active in building construction, is the largest of the companies in the group. With Nimab Support AB, which generated an output volume of around € 6 million (SEK 51 million) with 43 employees in 2010, the group also delivers services in the area of building maintenance and facility management. Nimab Anläggning AB is the smallest company and is mainly active in earthworks and infrastructure projects. The region of Skåne in southern Sweden is the group's main market. Measured in terms of the construction output, Skåne is Sweden's second-largest regional construction market after Stockholm. With the acquisition of the five companies, Strabag bolsters its presence in this important market in southern Sweden. Following the crisis-driven collapse in the year 2009, high growth rates are forecast for the coming years. Currently Strabag's activities in Sweden are limited to large-scale infrastructure projects and – to a smaller degree – to real estate development. With the acquisition of the Nimab Group, the company aims at also acquiring smaller and medium-sized infrastructure projects as well as projects in the field of building construction. The transaction also gives Strabag a perfect opportunity to expand in the project development market via the existing Nimab properties. write your comments about the article :: © 2011 Construction News :: home page |