STRABAG to significantly expand water infrastructure portfolio with acquisition of WTE Group
9 December 2024
- Intended acquisition of WTE Group
- STRABAG to become full-service provider for water infrastructure
- Future-proof solutions for sustainable water supply and wastewater disposal
“Population growth and climate change require well-functioning water supply and wastewater disposal systems. The planned acquisition of WTE’s business ideally complements our existing expertise in the field of water infrastructure and would make us one of the leading full-service providers in this area. With our construction and project expertise, the result is an attractive platform for growth contributing future-proof solutions to sustainable water supply and wastewater disposal in our markets,” says Klemens Haselsteiner, CEO of STRABAG SE.
A key pillar of STRABAG’s Strategy 2030 is to increase the depth of value creation across the Group. The focus in the infrastructure business is primarily on expanding the service portfolio in the areas of energy and water.
With STRABAG Water Technologies, the Group has had an established presence on the market for decades. The acquisition of WTE will transform STRABAG into a full-service provider for water infrastructure by enabling it to offer its services along the entire value chain. The WTE business to be acquired by STRABAG is expected to generate an annual output of around € 300 million.
The aim is to conclude the contract by the end of February 2025. The planned acquisition is subject to final agreement over the transaction documents with EVN, the approval of the Supervisory Board of STRABAG SE as well as other official authorisations or third-party approvals, in particular antitrust approvals. Financing will be provided from STRABAG SE’s existing liquidity resources.