Acquisition of major Teknokon Group businesses closed as of April 1, 2026
Bilfinger leverages Türkiye as a pivotal hub for regional expansion, bridging Eastern Europe and Middle East business activities
Around 1,000 qualified specialists join Team Bilfinger; full integration into the Bilfinger Group within first year
Mannheim, Germany / Istanbul, Türkiye. International industrial services provider Bilfinger has successfully completed the acquisition of major businesses of the Teknokon Group as of April 1, 2026 (“closing”). The company has thus laid the foundation for leveraging Türkiye as a pivotal hub for new business opportunities in promising adjacent geographies. The corresponding contracts were signed in December 2025.
Competition authorities have cleared the transaction, which includes the entities Teknokon Endüstri Tesisleri İnşaat ve Montaj A.Ş. and Teknokon Servis ve Bakım Hizmetleri Tic. A.Ş (hereinafter referred to as Teknokon). The transaction comprises around 1,000 highly skilled employees and annual revenues in the upper double-digit million-euro range. Teknokon has more than 30 years of technical expertise in maintenance, turnarounds, and construction, and has earned a strong reputation for delivering world-class services to the Oil & Gas, Energy, and Chemicals industries, among others.
“We are looking forward to welcoming our new colleagues to the Bilfinger family and to building on our shared, strong commitment to safety, quality, and reliability,” says Thomas Schulz, Bilfinger Group CEO. “The successful closing marks an important milestone for us. It aligns with our strategy of leveraging mergers and acquisitions to accelerate market expansion on our way toward becoming No. 1 for our customers in enhancing efficiency and sustainability.”
Within one year, Bilfinger will fully integrate the Teknokon team into its segment International, fostering geographical alignment between Bilfinger's business activities in Eastern Europe and the Middle East. The acquisition strengthens Bilfinger's core service capabilities in Türkiye and its access to new business opportunities in promising adjacent regions. The acquisition also combines Bilfinger’s broad portfolio with Teknokon’s local expertise and strengthens its access to highly skilled labor.
