Strabag

STRABAG SE is an Austrian construction company based in Spittal an der Drau, Austria, with its headquarters in Vienna. It is the largest construction company in Austria and one of the largest construction companies in Europe. The company is active in its home markets Austria and Germany and in all countries of Central, Eastern and South-East Europe, in selected markets in Western Europe, on the Arabian Peninsula, as well as in Canada, Chile, China and India. In these markets STRABAG has subsidiaries or operates on a project-basis.

STRABAG SE
Societas Europaea
Traded asWBAG: STR



FWB: XD4
ISINAT000000STR1 
IndustryConstruction
Founded1835
HeadquartersVienna, Austria
Key people
Alfred Gusenbauer (Chairman of the supervisory board), Thomas Birtel (CEO)
ServicesBuilding construction and civil engineering; infrastructure construction; tunnelling; facility management
Revenue€13,508 million (2017)[1]
€448.4 million (2017)[1]
€292.4 million (2017)[1]
Total assets10,378,406,000 euro[2] (31 December 2016) 
Number of employees
71,839 (average, 2016)
Websitewww.strabag.com

History

The business has its origins in two businesses:

  • Baumeister Lerchbaumer-Isola-KG[3] was founded by Anton Lerchbaumer (1879 - 1954) and his son-in-law, Franz Isola (1901 - 1968), in 1929. In 1954 Anton Lerchbaumer senior died. Franz Isola became the sole manager of the largest private building company in Austria. In 1968 Franz Isola, died and Anton Lerchbaumer junior (1913 - 1974) became manager of the company. The company became known as ILBAU AG in 1972.[4]
  • Strassenwalzenbetrieb was founded in 1895 and known as STRABAG from 1930.[5]

These two businesses came under the common ownership of BIBAG Bauindustrie Beteiligungs Aktiengesellschaft (subsequently renamed STRABAG SE) – a company listed on the Vienna Stock Exchange – in 1998.[5] In 1999, STRABAG acquired Strubag. In the same year, the company was delisted from the Vienna Stock exchange.[5]

In 2000, the holding company Bauholding STRABAG (or STRABAG SE since 2006) started a strong brand strategy throughout Europe, unifying all under the core brand "STRABAG". In Austria ILBAU and STUAG merged into the new STRABAG AG. The following year, the holding company became the major shareholder in German company STRABAG AG (based in Cologne).[5]

Subsequent acquisitions included Deutsche Asphalt Group in 2002, Walter Bau Group in 2005, a majority stake in Ed. Züblin in 2005, Adanti SpA, KIRCHNER Holding GmbH, F. Kirchhoff AG and Deutsche Telekom Immobilien und Service GmbH in 2008.[5]

In 2007, STRABAG SE launched its Initial Public Offering on the Vienna Stock exchange.[5]

In December 2013 the Supreme Court of the Slovak Republic confirmed that one of the companies of the STRABAG Group participated in bid rigging cartel of construction companies (together with companies of Skanska group and Mota-Engil group) in 2004. Illegal conduct was associated with the tender for the execution of works for the construction of the D1 highway from Mengusovce to Jánovce in Eastern Slovakia.[6]

Shareholders

Current stakeholders are Russian oligarch Oleg Deripaska's Cyprus based Rasperia Trading, Hans Peter Haselsteiner's holding company, the Raiffeisen-Holding Niederösterreich-Wien group and Raiffeisen Group and UNIQA Group.[7]

Management

The Chairman of the supervisory board is Alfred Gusenbauer. The business is managed by CEO Thomas Birtel.[8]

Structure

The company is organised into the following divisions: Building Construction & Civil Engineering, Transportation Infrastructure, Special Divisions & Concessions.[9]

Major projects

Major projects have included the Alte Weser Lighthouse in the North Sea completed in 1964,[10] Basra International Airport in Iraq completed in 1988,[11] the Copenhagen Metro in Denmark completed in 2002,[12] the Manapouri Second Tailrace Tunnel in New Zealand completed in 2002,[13] the Sofia Airport Second Terminal in Bulgaria completed in 2006,[14] the Vrmac Tunnel in Montenegro completed in 2007,[15] the Limerick Tunnel in Ireland completed in 2010[16] and the Niagara Third Hydro Tunnel in Canada completed in 2013.[17]

STRABAG is currently building Dar es Salaam's new Bus Rapid Transit system in Tanzania due to be completed in 2015.[18] STRABAG is also involved in HS2 lots S1 and S2, working as part of joint venture, with main construction work to start in 2018/9.[19]

References
  1. "Annual Report 2017" (PDF). STRABAG. Retrieved 7 September 2018.
  2. http://www.strabag.com/databases/internet/_public/files.nsf/SearchView/F54C3D6FB21E81A5C125810F001E442E/$File/STRABAG_SE_GB_2016_E.pdf.
  3. POPPE, Roland. "STRABAG SE - Corporate history". www.strabag.com (in German). Retrieved 14 April 2019.
  4. POPPE, Roland. "STRABAG SE - Corporate history". www.strabag.com (in German). Retrieved 14 April 2019.
  5. STRABAG: History
  6. The Supreme Court upheld the decisions of the Antimonopoly Office of the Slovak Republic in the matter of cartel of six construction companies
  7. Shareholders
  8. Haselsteiner geht Mitte 2014 als Strabag-Chef Der Standard, 22 June 2012
  9. STRABAG Construction Worldwide Brochure
  10. Bremerhaven
  11. NTI Archived 20 October 2008 at the Wayback Machine
  12. Copenhagen's First Metro Line Takes Shape
  13. Manapouri Power Station Archived 9 March 2012 at the Wayback Machine
  14. Terminal could be ready by 20 December 2006
  15. Panhelion Archived 13 March 2012 at the Wayback Machine
  16. National Roads Authority Archived 23 October 2012 at the Wayback Machine
  17. Ontario Power Generation Archived 19 November 2013 at the Wayback Machine
  18. Dar rapid transit system takes shape 24 Tanzania, 19 August 2013
  19. "HS2 contracts worth £6.6bn awarded by UK government". the Guardian. 17 July 2017. Retrieved 13 October 2017.
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