Strabag acquires WTE water technology: a billion dollar business for the future!

Strabag acquires WTE water technology: a billion dollar business for the future!

In a remarkable decision, WTE Wasserechnik GmbH has said goodbye to its international project business. Sale to Strabag SE means a strategic step for the company within the EVN group. Like juve , the transaction includes essential parts of the European business as well as activities in Kuwait and Bahrain. However, the conclusion of the deal is still bound to the approval by antitrust authorities and is expected within the next six months.

With an agreed purchase price of 100 million euros, Strabag does a good business. This amount also includes the existing shareholder loans associated with the acquisition of water technology. Freshfields , the global business office, plays a central role and advises EVN AG during this sale. This partnership shows how important well -founded legal support is in such important transactions.

Expansion of the water technology division

The purchase of WTE Wasserechnik GmbH allows Strabag to significantly expand its business in the field of water technology. This step becomes a complete provider of water infrastructure. Noerr emphasizes that the combined portfolio in this business area will achieve an annual output of around 400 million euros. Strabag thus positions itself as an important player in water management and opens up new perspectives in this industry.

A team of experts, including partners from Germany and Austria, controls the legal framework of the takeover. The positive approach is also evident in strong regional support, in which Local Counsel from 13 different jurisdictions are involved. This ensures that all legal issues are covered comprehensively, regardless of whether it is markets in Slovenia, Kuwait or other countries.

With this step, Strabag thus draws the right levers in the area of ​​water technology in order to remain competitive and innovative in the future. The takeover of WTE Wasserechnik GmbH could prove to be a gold handle for the Viennese company, which is now more anchored in international business.