Takeover of 100 % of CEMEX Austria and CEMEX Hungaria
Acquisition strengthens STRABAG’s position in concrete, stone and gravel production in Austria and Hungary
1.012 employees and annual revenues of € 257 million in 2007
STRABAG SE is acquiring 100 % of CEMEX Austria AG and CEMEX Hungaria Epitöanyagok Kft, strong market players in the production of stone, gravel and concrete in Austria and Hungary.
In Austria, CEMEX Austria operates 45 concrete mixing plants, guaranteeing nationwide logistical coverage. CEMEX Austria operates 30 stone and gravel pits. The existing raw materials reserves amount to roughly 156 million tonnes. CEMEX Austria had revenues of € 196 million in 2007.
In Hungary, CEMEX Hungaria is the second-largest market participant in concrete production. 40 concrete mixing plants provide nationwide coverage. CEMEX Hungaria operates eight stone/gravel pits and has about 60 million tonnes of raw materials reserves. CEMEX Hungaria had revenues of € 61 million in 2007.
Future growth is to be generated in both countries through the promotion of mobile operations and specialty products.
With this strategically important acquisition, STRABAG strengthens its position in the production of stone, gravel and concrete in Austria and Hungary. Particularly in Austria, where the presence in the building materials sector had been relatively low, the acquisition results in nationwide market coverage.
STRABAG SE CEO Hans Peter Haselsteiner: “For us, the acquisition of CEMEX Austria and CEMEX Hungaria represents a quantum leap in our strategy to secure our own raw materials reserves. Guaranteeing the raw materials supply in the long term is a central element of STRABAG’s corporate strategy. From now on, we are operating with complete self-sufficiency in our core markets of Austria and Hungary and we can supply our entire concrete need with our own resources.”
The takeover is pending approval by the relevant cartel authorities and committees.
STRABAG SE is one of Europe’s leading construction groups. With about 63,000 employees, STRABAG expects to generate a construction output volume of € 12.4 billion in the 2008 financial year. From its core markets of Austria and Germany, STRABAG is present via its numerous subsidiaries in all countries of Eastern and South-East Europe, in selected markets in Western Europe and on the Arabian Peninsula. STRABAG’s activities span the entire construction industry (Building Construction and Civil Engineering, Transportation Infrastructures, Tunnelling) and cover the entire value-added chain in the field of construction. More information is available at www.strabag.com