Strabag

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STRABAG SE
Type Societas Europaea
Traded as WBAGSTR, FWBXD4
Industry Construction
Founded 1835
Headquarters Vienna, Austria
Key people Alfred Gusenbauer (Chairman of the supervisory board), Hans Peter Haselsteiner (CEO)
Services Building construction and civil engineering; infrastructure construction; tunnelling; facility management
Revenue 12.38 billion (2010)[1]
Operating income €299.0 million (2010)[1]
Profit €174.9 million (2010)[1]
Total assets €10.38 billion (end 2010)[1]
Total equity €3.232 billion (end 2010)[1]
Employees 76,100 (average, 2014)
Website www.strabag.com

STRABAG is an Austrian construction company based in Villach, with its headquarters in Vienna. It is the largest construction company in Austria and one of the largest construction companies in Europe. The company is active in its home markets Austria and Germany and in all countries of Eastern and South-East Europe, in selected markets in Western Europe, on the Arabian Peninsula, as well as in Canada, Chile, China and India. In these markets STRABAG has subsidiaries or operates on a project-basis.

History[edit]

The business has its origins in two businesses: Lerchbaumer, founded in 1835 by Anton Lerchbaumer and known as ILBAU from 1954[2] and Strassenwalzenbetrieb, founded 1895, and known as STRABAG from 1930.[2] These two businesses came under the common ownership of BIBAG Bauindustrie Beteiligungs Aktiengesellschaft (subsequently renamed STRABAG SE) – a company listed on the Vienna Stock Exchange – in 1998.[2] In 1999, STRABAG acquired Strubag. The same year, a financial settlement was found for the free float, and the company was delisted from the Vienna Stock exchange.[2]

In 2000, the holding company Bauholding STRABAG (or STRABAG SE since 2006) started a strong brand strategy throughout Europe, unifying all under the core brand "STRABAG". In Austria ILBAU and STUAG merged into the new STRABAG AG. The following year, the holding company became the major shareholder in German company STRABAG AG (based in Cologne).[2]

Subsequent acquisitions included Deutsche Asphalt Group in 2002, Waltr Bau Group in 2005, a majority stake in Ed. Züblin in 2005, Adanti SpA, KIRCHNER Holding GmbH, F. Kirchhoff AG and Deutsche Telekom Immobilien und Service GmbH in 2008.[2]

In 2007, STRABAG SE launched its Initial Public Offering on the Vienna Stock exchange.[2]

In December 2013 the Supreme Court of the Slovak Republic confirmed that one of the companies of the Strabag Group participated in bid rigging cartel of construction companies (together with companies of Skanska group and Mota-Engil group) in 2004. Illegal conduct was associated with the tender for the execution of works for the construction of the D1 highway from Mengusovce to Jánovce in Eastern Slovakia.[3]

Shareholders[edit]

Current stakeholders are Russian oligarch Oleg Deripaska's Cyprus based Rasperia Trading, Hans Peter Haselsteiner's holding company, the Raiffeisen-Holding Niederösterreich-Wien group and Raiffeisen Group and UNIQA Group.[4]

Management[edit]

STRABAG is managed by CEO Hans Peter Haselsteiner who will resign in June 2014. His chosen successor is Thomas Birtel.[5]

The Vice-CEO is Fritz Oberlerchner and the Chairman of the supervisory board is Alfred Gusenbauer.

Structure[edit]

The company is organised into the following divisions: Building Construction & Civil Engineering, Transportation Infrastructure, Special Divisions & Concessions.[6]

Major projects[edit]

Major projects have included the Alte Weser Lighthouse in the North Sea completed in 1964,[7] Basra International Airport in Iraq completed in 1988,[8] the Copenhagen Metro in Denmark completed in 2002,[9] the Manapouri Second Tailrace Tunnel in New Zealand completed in 2002,[10] the Sofia Airport Second Terminal in Bulgaria completed in 2006,[11] the Vrmac Tunnel in Montenegro completed in 2007,[12] the Limerick Tunnel in Ireland completed in 2010[13] and the Niagara Third Hydro Tunnel in Canada completed in 2013.[14]

STRABAG is currently building Dar es Salaam's new Bus Rapid Transit system in Tanzania due to be completed in 2015.[15]

References[edit]

External links[edit]