STRABAG PFS Acquires FM Service Provider Caverion Polska

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STRABAG PFS Acquires FM Service Provider Caverion Polska Press Release Investor Information STRABAG PFS acquires FM service provider Caverion Polska Facts & Figures • 170 employees, approx. € 12 million output volume • Expansion of existing facility management portfolio (FM) of STRABAG COMPANY: STRABAG PFS in Poland STRABAG PFS Austria GmbH • Growing market for FM services TARGET COMPANY: Caverion Polska Sp. z o.o. Warsaw/Vienna, 19 December 2018 STRABAG PFS Austria GmbH yesterday, Tuesday, signed the agreement for the acquisition SHARE: of 100 % of the shares of Caverion Polska Sp. z o.o. of Warsaw, a 100 % Polish specialist in the field of technical facility management (TFM). The previous owner, Finland’s Caverion Oyj, has chosen to withdraw SEGMENT: from this market. International + Special Divisions Caverion Polska, founded in 1993, has about 170 employees and in Contact 2017 generated an output volume of around PLN 50 million (~ € 12 million). Of this amount, approximately 70 % are accounted STRABAG SE for by TFM and 30 % by plant engineering. Diana Neumüller-Klein Head of Corporate Communications “This acquisition broadens our service portfolio with additional & Investor Relations technical competences in facility management in Poland, allowing us Tel. +43 1 22422-1116 to efficiently service real estate portfolios across the country. We want [email protected] to benefit from the dynamic Polish market. The output volume should continue to grow, especially as a lower percentage of such services has been outsourced to specialised providers in Poland as compared to greatly developed FM markets such as Germany or Austria,” says Thomas Birtel, CEO of publicly listed STRABAG SE. The FM market in Poland is expected to grow by an average of 7 % a year over the next few years, well over the forecasts for saturated markets. STRABAG PFS currently holds a relatively small market share in the country, but this should double as a result of this transaction. The acquisition will catapult STRABAG PFS to one of the top 10 FM providers in Poland. The transaction is pending cartel approval. Page 1 of 2 STRABAG Property and Facility Services (STRABAG PFS) is a leading real estate and industrial service provider with a high level of vertical integration along the value chain for the technical and commercial management of complete locations and entire portfolios of industrial and real estate companies. Its service portfolio comprises real estate management, technical and infrastructural facility management, construction in existing buildings and, via DIW, specialist services such as industrial maintenance and cleaning. In addition to its core market of Germany, the group also operates, among other places, in Austria, Poland, Slovakia and the Czech Republic. Image: Technical Facility Management Image credits: STRABAG Page 2 of 2 .
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