PORR Finalizes Acquisition of Heijmans Oevermann GmbH in Germany
Construction group PORR AG has completed the acquisition of Heijmans Oevermann GmbH in Germany. The deal strengthens PORR's position in the German market and expands its service portfolio in infrastructure and building construction.
Austrian construction company PORR AG has officially finalized the acquisition of Heijmans Oevermann GmbH in Germany through its subsidiary PORR Deutschland GmbH. The deal, announced in March, has received approval from relevant competition authorities and reinforces PORR's strategic growth initiatives in the German market.
The acquisition broadens PORR's service spectrum, particularly in the fields of transport infrastructure and building construction. Heijmans Oevermann GmbH specializes in the complete realization of transport routes such as motorways, federal and state roads, airports, and logistics areas, and holds stakes in six asphalt mixing plants. The company generated approximately EUR 215 million in revenue in Germany in 2016.
"With the acquisition of Oevermann, we are taking an important step to expand our market position in Germany," stated Karl-Heinz Strauss, CEO of PORR. He emphasized that Oevermann's regional presence and its expertise in transport infrastructure construction strengthen PORR Deutschland as a full-service provider.
Heijmans Oevermann GmbH was previously part of the Dutch construction group Heijmans NV since 2007. Moving forward, it will operate under the name Oevermann GmbH as a wholly-owned subsidiary of PORR Deutschland GmbH, integrated into the parent company's strategy and offerings in the German market.