STRABAG SE Announces Plans to Acquire Portions of VAMED Group with PORR

STRABAG SE, in partnership with PORR AG, has signed an agreement to acquire specific divisions of the VAMED Group for roughly €90 million. The acquisition targets the technical operations management and construction projects sectors of the Vienna General Hospital, along with VAMED's Austrian project development and its spa holdings. This strategic move, as detailed in a recent announcement, is aimed at enhancing STRABAG’s service portfolio in Austira.

The transaction involves the purchase of VAMED-KMB and VAMED Engineering, incorporating significant operational segments from Austria's healthcare and wellness infrastructure. Both STRABAG and PORR will equally share ownership of the purchasing entity. However, completion of the deal on STRABAG's end awaits further approval from its Supervisory Board. Regulatory approvals, including those from competition authorities, are also pending.