Bilfinger secures a €1.2 billion deal with Swedish equity firm EQT
Engineering Group Bilfinger has procured a deal with Swedish equity firm EQT in the selling of their building and faculty section for €1.2 billion. Bilfinger will be entitled to 49 percent of any re-sale from EQT in the near future. The deal will increase opportunities for future business developments and bolster technological advances.
Pinder Singh Hujan, Executive Chairman of Bilfinger Europa, told FM-World: “With this new investment buy-out confirmed, this opens the opportunity for the building, facility and real estate division to pioneer new developments across the businesses. This is an exciting opportunity for Bilfinger Europa and our subsidiary companies and we look forward to driving this new chapter.”
EQT invests in companies whilst providing a strategy geared towards growth and development, with over €16 billion having been invested in over 140 companies, with revenue of approximately €15 billion. EQT has offices in 15 countries and 100,000 employees within EQT portfolio companies.
Bilfinger’s Chief Financial Officer Axel Salzmann added: “The sale of the segment generates the greatest value for Bilfinger and opens up new perspectives. With additional liquidity, we will expand our position as market leader for industrial services in the process industry through targeted acquisitions and investments in the future. In this regard, we are focusing on our technology and service competences, which are greatly appreciated by our customers.”
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