Key Facts
| Business Model | Industrial pipeline construction for municipalities and industrial companies |
| Industry | Pipeline Construction |
| Turnover | ca. 21 million euros p/a |
| Staff complement | 185 |
| Acquisition date | January 2017 |
| Fund advised by DUBAG | SMC Capital |
| Exit | The company was diversted to Diringer & Scheidel in June 2020. |
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
- Deployment of management with turnaround experience
- Strict implementation of the initiated change of strategy
- Reorganization of the company’s administration
- New business acquisition
