Bilfinger is a leading international industrial services provider. With our 36,000 employees we provide our customers with tailor-made engineering and services throughout the entire lifecycle of an industrial plant: from consulting and engineering through to manufacturing and assembly as well as comprehensive maintenance concepts and their implementation. We stand for the highest standards of safety and quality. We reframed our corporate strategy in the spring of 2017. Since that time, we have refocused our activities on two service lines, four regions and six industries ("2-4-6 concept").
We have bundled our services in the two service lines Technologies as well as Engineering & Maintenance.
Technologies provides solutions for the process industry that are informed by increasing environmental awareness, by greater demands on competitiveness, by technological innovations, and by the desire to enhance the performance of industrial plants. Its core competencies are in the fields of servicing, constructing, and digitally networking components and systems for the cost-effective, emissions-friendly operation of energy systems and industrial plants with stringent process and materials requirements.
Engineering & Maintenance includes all our activities in ongoing maintenance services, modifications and operational management of industrial plants. This typically relates to a services business on the basis of long-term framework agreements to secure ongoing operations of a plant (operational expenditure - OPEX). Because these most often relate to activities with specific local demand structures, we have organized this business in regions.
We concentrate our services on four core regions: Central Europe, Northwest Europe, North America and the Middle East. We have been operating successfully in these regions for decades and, as a result of our outstanding quality, have a very strong reputation. To ensure that our customers in Engineering & Maintenance receive the best possible service, we have set up an E&M servce line in each of these regions. Our service line Technologies is positioned globally, its services are offered worldwide in all core regions.
We have extensive competences and excellent customer relationships in the chemicals & petrochem, energy & utilities as well as oil & gas sectors. In addition to these three focus industries, we also provide services in the pharma & biopharma, metallurgy and cement industries. In the years to come, we will expand our activities in the latter three industries.
The goal of our corporate strategy is to achieve a CAGR of over five percent and an adjusted EBITA of roughly five percent by 2020. Our markets - both in the area of Technologies and in Engineering & Maintenance - offer broad potential and growth opportunities and, with our strategic repositioning, we are able to take advantage of these opportunities. We will also further expand our range of services in established markets. We will grow our involvement in those regions where we are not yet extensively active and push into new industries. Our growth strategy comprises more than 20 initiatives, the majority of which are based on pioneering and innovative products and technologies.