GlobalData
1 min read
European technology group STRABAG has finalised transaction documents and signed a purchase agreement to acquire WTE Wassertechnik.
WTE Wassertechnik is an environmental service provider engaged in planning, financing, construction and operation of projects related to water supply, wastewater disposal, sustainable sewage sludge treatment and energy recovery.
This move follows the December 2024 agreement between Strabag and EVN to acquire WTE.
The acquisition is set to expand Strabag's water technology capabilities and aligns with its Strategy 2030 objectives.
The purchase price for WTE shares totals €100m ($114.9m), with additional shareholder loans being assumed.
The acquisition will enhance Strabag's portfolio in integrated water management, with the combined business expected to generate an annual output of €400m.
Strabag SE's Supervisory Board has approved the acquisition, which is currently awaiting various regulatory clearances, including antitrust approval. The closing of the transaction is anticipated within the next six months.
Strabag engages in planning, design, construction, operation and facility management, and demolition.
With 86,000 employees and a network of subsidiaries across Europe and other continents, the company has already made notable progress in water technology this year.
Projects include a water treatment plant in Croatia and the preferred bidder status for the Haweswater Aqueduct Resilience Programme in the UK.
In a related development, Cologne-based subsidiary Strabag AG has acquired Sandkamp Tiefbau, a German pipeline construction company. This acquisition includes the integration of all 25 Sandkamp Tiefbau employees into the Strabag team in Nordhorn and Gronau.
"STRABAG finalises deal to acquireWTE Wassertechnik" was originally created and published by World Construction Network, a GlobalData owned brand.
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