Bilfinger Sells Water Technologies Division
Published on by Water Network Research, Official research team of The Water Network in Business
The business is being sold to Chinese company Chengdu Techcent Environment Group, which has been active in the sector for many years
The sale is in line with Bilfinger’s increased focus on its core business. In the course of its strategic repositioning, the company had announced that it would review its portfolio. A number of strategic options for the water technologies division were looked at before deciding on the sale.
“We are pleased that our successful water business has found such a financially strong and long-term oriented buyer”, said executive board chairman Per Utnegaard. “The move to a company in which water technology is the focus of business operations opens up excellent development prospects for Water Technologies.”
In the division, about 1,600 employees generated an output volume of approximately €300 million in 2015.
About Bilfinger:
Bilfinger ensures that a refinery operates reliably, twenty-four hours a day, seven days a week. We enable power plants to reach the highest possible levels of efficiency. We take care of facility management for entire companies, while also constructing high-quality buildings. And: we operate these buildings over their entire lifecycles.
Like no other company, Bilfinger brings together two complementary characteristics: engineering competence and service mentality. For industrial companies, the energy sector and users of real estate, we are setting standards with our performance in countries throughout the world. High quality, technological competence and extensive experience are the foundations of our success. Everywhere we work, we ensure that our clients can concentrate on what they do best: their core business.
Through their commitment, the people at the engineering and services group help make daily life work: they design and finance, maintain and repair, build and operate.
Source: The Construction Index
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