Bilfinger Acquires Sacyr’s EPC Business in Europe
Bilfinger Expands its EPC Presence in Europe Through Strategic Acquisition
Sacyr Sheds EPC Unit to Focus on Core Business
Bilfinger, a leading industrial services provider, announced the acquisition of Sacyr's EPC (Engineering, Procurement, and Construction) business in Europe. This strategic move expands Bilfinger's EPC footprint in key markets.
Sacyr, a multinational construction and services corporation, decided to divest its EPC unit to concentrate on its core business segments, such as infrastructure and real estate.
Key Aspects of the Acquisition:
- Bilfinger acquires EPC operations in Spain, Portugal, and the Netherlands
- Approximately 1,000 employees join Bilfinger's EPC team
- Bilfinger strengthens its EPC capabilities in energy, water, and infrastructure projects
- Sacyr focuses on core business areas of infrastructure, real estate, and services
With this acquisition, Bilfinger aims to enhance its EPC offerings in Europe and gain access to new markets. Sacyr's EPC expertise will complement Bilfinger's existing capabilities, enabling it to provide comprehensive solutions to its clients.
Bilfinger's Growth Strategy:
- Expand EPC presence in key European markets
- Leverage Sacyr's EPC expertise in energy, water, and infrastructure
- Provide comprehensive solutions to industrial clients
Sacyr's Strategic Move:
- Focus on core business segments of infrastructure, real estate, and services
- Enhance operational efficiency by streamlining operations
- Free up resources for investment in core growth areas
The acquisition is subject to customary closing conditions and regulatory approvals. It is expected to be completed in the second quarter of 2023.
Conclusion:
Bilfinger's acquisition of Sacyr's EPC business in Europe, through the combination of capabilities, strengthens Bilfinger's position as a leading industrial services provider, while Sacyr streamlines its operations to focus on core business areas.
Comments