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Strabag
STRABAG SE is an Austrian international technology group for the built environment 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 Australia, Canada, Chile, China and India. In these markets STRABAG has subsidiaries or operates on a project-basis.
The business has its origins in two businesses:
Strabag was one of the main profiteers of the Nazi building projects during Second World War and before. It was a main contractor of Todt organisation and built concentration camps, the Westwall and Norway's Blood Road. The British Secret Service report concluded "[. . .] Enough large building firms offered their services to put the entire construction [of the Westwall, S.G.] on a voluntary basis. [. . .] Nor is there any basis later for assuming that firms in any large numbers became so reluctant to work for the OT as to make mass conscriptions of such concerns necessary. This willingness is due to the attractive profits obtainable from OT contracts."
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. In 1999, STRABAG acquired Strabag. In the same year, the company was delisted from the Vienna Stock exchange.
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).
Subsequent acquisitions included Deutsche Asphalt GmbH 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.
In 2007, STRABAG SE launched its initial public offering on the Vienna Stock exchange.
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.
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Strabag
STRABAG SE is an Austrian international technology group for the built environment 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 Australia, Canada, Chile, China and India. In these markets STRABAG has subsidiaries or operates on a project-basis.
The business has its origins in two businesses:
Strabag was one of the main profiteers of the Nazi building projects during Second World War and before. It was a main contractor of Todt organisation and built concentration camps, the Westwall and Norway's Blood Road. The British Secret Service report concluded "[. . .] Enough large building firms offered their services to put the entire construction [of the Westwall, S.G.] on a voluntary basis. [. . .] Nor is there any basis later for assuming that firms in any large numbers became so reluctant to work for the OT as to make mass conscriptions of such concerns necessary. This willingness is due to the attractive profits obtainable from OT contracts."
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. In 1999, STRABAG acquired Strabag. In the same year, the company was delisted from the Vienna Stock exchange.
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).
Subsequent acquisitions included Deutsche Asphalt GmbH 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.
In 2007, STRABAG SE launched its initial public offering on the Vienna Stock exchange.
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.