Strabag: Takeover of Swiss Companies

IndustrialsConstruction ♦ Published: March 8, 2011; 00:08 ♦ (Vindobona)

Strabag becomes third-largest construction company in Switzerland with acquisition of Brunner Erben and Astrada. Output increases up to € 615m.

Strabag: Takeover of Swiss Companies / Picture: © Strabag SE

The Austrian construction company Strabag, today announced the simultaneous acquisition of two established Swiss companies, Brunner Erben Holding AG, Zurich, and Astrada AG, Subingen (Solothurn).

“These acquisitions illustrate our strong commitment to the Swiss market and our determination to be a leading player in each of our key countries,” says Hans Peter Haselsteiner, CEO…