STRABAG Expands Technical Facility Management Capabilities with VAMED Acquisition

STRABAG SE, a major European technology group for construction services, has announced the acquisition of specific assets from VAMED Group, aiming to bolster its service range in technical facility management. This includes parts of VAMED's operations related to Vienna General Hospital, particularly technical management and construction projects, along with VAMED's Austrian project development and spa holdings. The transaction, valued at €90 million, is set to deepen STRABAG's involvement in the healthcare construction sector.

The acquisition deal, executed jointly with PORR AG whereby both companies hold a 50% stake, is current pending approval from STRABAG SE's Supervisory Board and relevant competition authorities. This strategic move is intended to support STRABAG's Strategy 2030, focusing on enhancing value creation depth and technical facility management expertise, especially within critical and complex environments like the medical sector.