Key Facts

Business ModelIndustrial pipeline construction for municipalities and industrial companies
IndustryPipeline Construction
Turnoverca. 21 million euros p/a
Staff complement185
Acquisition dateJanuary 2017
Investor advised by DUBAGSMC Capital

Operational Details

Initial and/or special situation
  • Non-core Bilfinger SE subsidiary, the erstwhile shareholder and seller
  • Sales and earnings decline
  • Lack of strategic direction
  • Traditional, unprofitable projects in plant engineering
Turnaround results
  1. Deployment of management with turnaround experience
  2. Strict implementation of the initiated change of strategy
  3. Reorganization of the company’s administration
  4. New business acquisition

Other Subsidiaries