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Vienna, 23 January 2008. STRABAG, the largest construction company in Central and Eastern Europe, plans to acquire the Czech construction company JHP spol.s. r.o. which specialises in bridge construction. After the approval of the antitrust authority in charge the Czech STRABAG A.S. will sign the contract for the purchase of 100 % of the company with the previous owner, Vaclav Jelinek. STRABAG expects the antitrust authority`s
decision in February 2008.
JHP posted revenues of approximately CZK 750 million (€ 26.5 million) in 2006 and employed at last 280 people, which STRABAG is going to take over.
JHP has extensive experience and references with the construction of bridges of large width – expertise STRABAG A.S. had to buy from subcontractors by now.
STRABAG company | STRABAG A.S | Segment | Civil engineering | Selling party | Vaclav Jelinek | Revenue in 2006 | € 26,5 Mio. | Employees | 280 | STRABAG share | 100% | Purchase price | - | Consolidation | Fully consolidated as of Q1/08 | Investments | No major investments planned | |
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STRABAG SE is one of Europe’s leading construction groups. With nearly 60,000 employees, STRABAG expects to post revenue from construction work of around EUR 11 billion in the financial year 2007. 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 the Arabian Peninsula, as well as in Canada, Chile and India. STRABAG’s activities span the entire construction industry (Building Construction and Civil Engineering, Road Construction, Tunnelling) and cover the entire value-added chain in the field of construction. More information is available at www.strabag.com.
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