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Acquisition of the LINDSCHULTE Group: BKW significantly expands its infrastructure services
Bern (ots) - The acquisition of the LINDSCHULTE Group marks an important step in BKW's strategic expansion of its engineering business. The 250 employees of LINDSCHULTE, which is headquartered in Nordhorn (Germany) plan and implement projects of all sizes in the fields of infrastructure, the environment and energy services. This acquisition will allow BKW to strengthen its engineering expertise and create potential for the rapidly-growing infrastructure business in Switzerland, too.
By acquiring LINDSCHULTE, BKW is expanding its existing engineering business in order to target the rapidly-growing infrastructure market across Europe. For example, Germany is planning an infrastructure push worth around 300 billion Euros in the next few years, and Switzerland also requires a great deal of investment to renew, expand and maintain its energy, water and transport infrastructure. BKW is therefore taking an important step in the strategic development of an engineering network that is geared towards the European market and that can deliver top-quality engineering services. Since it was founded, BKW has been active in the field of engineering and has extensive experience in realising major projects, building infrastructure and power plants and in the areas of flood control and river management. The acquisition of LINDSCHULTE opens up new opportunities for BKW to deploy its expertise internationally and to significantly complement and expand its existing competencies in energy and infrastructure services. The LINDSCHULTE Group has carved out a significant market position in its home market of Germany through numerous successfully implemented projects, and it employees over 250 engineers and designers at eight locations. In the past few years, LINDSCHULTE has generated annual turnover in the low double-digit millions. The company will continue to be managed by the Group's four existing managing partners. It will continue to operate under its existing name and there will be no changes for employees.
The parties have agreed not to disclose the purchase price. Completion of the transaction is subject to approval by the German antitrust authority.
The BKW Group is an international energy and infrastructure company employing over 4,000 people and is headquartered in Bern. The diversity of the company's expertise allows it to offer its customers a full range of tailored services. The Group plans, builds and operates infrastructure to produce and supply energy to businesses, households and the public sector. The BKW Group offers a wide range of services, from building technologies, infrastructure engineering and digital business models for renewable energies to traditional multi-utility infrastructure services. The registered shares of BKW AG are listed on the SIX Swiss Exchange and the BX Berne eXchange.
LINDSCHULTE was founded in 1968 and is an independent construction planning and consulting company in the fields of infrastructure and the environment. With over 250 employees at several locations across Germany, LINDSCHULTE offers a full range of engineering and architecture services from a single source with regional presence. LINDSCHULTE projects, plans designs, monitors and supervises implementation and offers full supervision of building contractors, from the needs analysis to turnkey project execution - acting as a fixed point of contact to ensure cost certainty, adherence to schedules and planning reliability.
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