Acquisition of M+W Zander Facility Management
May 21, 2008
May 21, 2008
Acquisition of M+W Zander Facility Management:
Bilfinger Berger forms Germany’s largest provider of integrated facility services
Bilfinger Berger has taken an important step forward in the expansion of its services business: with the acquisition of M+W Zander’s facility management activities, the Group becomes Germany’s largest provider of integrated facility services. The output volume of Bilfinger Berger Facility Services will double to more than €1 billion as a result of the takeover. The Group thus assumes a leading role in the consolidation process currently underway in the industry. The seller is the Victory Industriebeteiligungen Group of Austria, both parties have agreed to keep the purchase price confidential. The deal is subject to the approval of anti-trust authorities.
M+W Zander FM employs 4,300 people, generates an annual output volume of about €500 million and provides high-quality technical, commercial and infrastructural facility management from a single source. The company works for well-known industrial groups and financial services providers such as IBM, EADS and Deutsche Bank. Three quarters of output volume is generated in Germany. The company is also active in a number of important international markets. Activities in Austria and Switzerland complement Bilfinger Berger's own business there and presence in Eastern Europe and Russia opens up new growth opportunities. "Overall, M+W Zander FM is an excellent addition to our facility services activities", says Executive Board Chairman Herbert Bodner.
Bilfinger Berger Facility Services specializes in technical facility services as well as property and asset management for entire real-estate portfolios. Together with the Group's building construction units, the company offers a comprehensive service package including consulting, design, financing, construction, maintenance and operation of real-estate properties.
Services is Bilfinger Berger's fastest-growing business segment. In financial year 2007, output volume in the Industrial Services, Power Services and Facility Services divisions was increased by 25% to €3.6 billion. EBITA in the same period grew by 46% to €180 million, thereby supplying the largest earnings contribution of the Group's four business segments. "Our services business will continue to grow and generate increasing earnings in the future," points out Herbert Bodner.