Bilfinger Berger
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| Type | Aktiengesellschaft |
|---|---|
| Traded as | FWB: GBF |
| Industry | Construction, civil engineering, services |
| Founded | 1880 |
| Headquarters | Mannheim, Germany |
| Key people | Roland Koch (CEO and chairman of the management board), Bernhard Walter (Chairman of the supervisory board) |
| Revenue | €8.007 billion (2010)[1] |
| Operating income | €342.8 million (2010)[1] |
| Profit | €284.0 million (2010)[1] |
| Total assets | €7.937 billion (end 2010)[1] |
| Total equity | €1.812 billion (end 2010)[1] |
| Employees | 58,310 (end 2010)[1] |
| Website | www.bilfinger.com |
Bilfinger Berger is a large, internationally active construction and services company based in Mannheim, Germany.
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[edit] History
Bilfinger Berger dates back to 1880 when August Bernatz founded an engineering business which became known, from 1886 as Bernatz & Grün and, from 1892, as Grün & Bilfinger.[2]
In 1970 Grün & Bilfinger acquired a majority stake in Julius Berger-Bauboag AG, itself a merger of two companies, Julius Berger Tiefbau AG and Berlinische Boden-Gesellschaft AG, both founded in 1890. The combined business, fully integrated in 1975, took the name Bilfinger & Berger Bauaktiengesellschaft.[2]
In 2001 the business changed its name to Bilfinger Berger AG.[2] In 2005, Bilfinger Berger bought all shares of Babcock Borsig Service Group from Deutsche Beteiligungs.[3][4] In October 2009 the Company acquired directly MCE Beteiligungsverwaltungs GmbH itself, a business based in Linz focused on the design, construction and maintenance of facilities in the process industry and the energy sector.[5]
In November 2009 the BBAG announced that it is considering floating Bilfinger Berger Australia on the Australian Securities Exchange via an initial public offering (IPO).[6] The prospectus for the IPO for the new Australian entity (named Valemus) was issued in June 2010 and the company is expected to be listed on the ASE in July.[7]
In recent years Bilfinger Berger has shifted the focus of its activities toward the services business. In 2010, services contributed to 80% of the company’s total output volume of €8,123 million and EBIT for the services division amounted to €297 million.[1] In November 2011, Bilfinger Berger acquired Neo Group, which is based in Surat in North-Western India.[8]
[edit] Activities
Bilfinger Berger AG is a Deutsche Börse MDAX index traded, international construction and services company that operates in real estate, infrastructure and industrial services. The services offered range from consulting, development, planning, financing and turnkey construction through to maintenance and operation. Bilfinger Berger holds the eighth place in the European ranking of construction companies.[9] Bilfinger Berger, as a result of numerous acquisitions and disposals, is no longer a traditional construction company but instead a provider of services for industrial plants, power plants and real estate.[10] Thus, in the financial year year ended 2010 around 80 percent of the revenue came from services with the remaining 20 percent from construction.[11]
[edit] Global presence
The global presence of the Bilfinger Berger Group spans five continents with operations in Europe, United States, South East Asia, Africa and Australia.
[edit] Business organisation
Bilfinger Berger introduced in 2010 a new business structure that is based on the changing priorities of the Group's business.
[edit] Industrial services
- Bilfinger Berger Industrial Services
[edit] Power services
- Bilfinger Berger Power Services
[edit] Building and facility services
- Bilfinger Berger Facility Services
- Bilfinger Berger Building
- Julius Berger Nigeria
- Bilfinger Berger Government Services
- Centennial
[edit] Construction
- Bilfinger Berger Civil
- Bilfinger Berger Budownictwo
[edit] Concessions
- Bilfinger Berger Project Investments
[edit] Major projects
Major projects have included the Ludendorff Bridge at Remagen completed in 1919,[12] the Busch Memorial Stadium completed in 1966,[12] the Munich Olympic Stadium completed in 1972,[12] the Sydney Opera House completed in 1973,[12] the Dresdner Bank Tower completed in 1978,[12] the Oymapinar Dam in Turkey completed 1984,[12] the Mỹ Thuận Bridge in Vietnam completed in 2000,[12] the Puente Centenario over the Panama Canal completed in 2004,[13] the Svinesund Bridge between Sweden and Norway completed in 2005[14] and the Golden Ears Bridge near Vancouver in Canada completed in June 2009.[15]
The company is also working on the refurbishment of Sonnenstein Castle due to be completed in 2012,[16] the construction of a new Niederfinow North boat lift due to be completed in 2012[17] and the Gotthard Base Tunnel due to be completed in 2015.[18]
The company is also part of a consortium responsible for the construction and design of the currently halted Edinburgh Tram Project now expected to be completed in 2014.[19]
[edit] See also
- Bilfinger Berger Power Services
- Babcock Borsig Service
- Deutsche Babcock Middle East
- Deutsche Babcock Al Jaber
- Julius Berger Nigeria PLC
[edit] References
- ^ a b c d e f g "Annual Report 2010". Bilfinger Berger. http://www.bilfinger.com/C1257130005050D5/vwContentByKey/W28ETC6F771DEBBEN/$File/Bilfinger-Berger-Report-2010.pdf. Retrieved 16 April 2010.
- ^ a b c Bilfinger Berger Corporate History
- ^ "Bilfinger Berger is the new strategic investor". 2005-06-23. http://www.babcock-borsig-service.de/index.php?id=321&L=1. Retrieved 2010-07-08.
- ^ "Deutsche Beteiligungs AG Divests Babcock Borsig Service". PRNewswire. 2005-03-09. http://www.prnewswire.co.uk/cgi/news/release?id=141550. Retrieved 2010-07-09.
- ^ Bilfinger Offers Remedies in European Union Review of MCE Deal
- ^ "Bilfinger Berger considers up to $1.5bn IPO of Australian assets". Michael Bennet (The Australian). November 10, 2009. http://www.theaustralian.com.au/business/industry-sectors/bilfinge-berger-considers-ipo-of-australian-assets-worth-up-to-15bn/story-e6frg96x-1225796070563. Retrieved 2010-02-15.
- ^ "Valemus plans $1.39bn float on ASX". AAP (AFR). 08 Jun 2010. http://www.afr.com/p/markets/dealbook/equity_capital_markets/valemus_plans_bn_float_on_asx_FZkbhmG1CQ3YUFlaUunJgO. Retrieved 9.06.2010.
- ^ German Bilfinger Berger Acquires Surat Based Neo Structo Construction All Voices, 24 November 2011
- ^ European Powers of Construction 5. Januar 2011 (portugiesisch)
- ^ n-tv online, Abkehr vom Baugeschäft: Bilfinger Berger im Umbruch (13. März 2011), zuletzt abgerufen am 24. August 2011
- ^ M.Gassmann, Bilfinger hält Lage für stabil, Financial Times Deutschland/Börse Online (12. August 2011), zuletzt abgerufen am 24. August 2011
- ^ a b c d e f g Bilfinger Berger Corporate history animation
- ^ Bridge of the Americas
- ^ Majestic arch over the Idefjord
- ^ Golden Ears Bridge at Structurae
- ^ German Construction Will See Contraction Ease in 2010
- ^ German Ship Lift Rebuilt as Stimulus Floods Waterways
- ^ Transco website
- ^ Transport Initiatives Edinburgh Press Release
[edit] External links
[edit] Further reading
- Bernhard Stier and Martin Krauß: Drei Wurzeln – ein Unternehmen. 125 Jahre Bilfinger Berger AG. ISBN 3-89735-411-X.
