Lederer Bau, based in Graz, becomes part of the Strabag Group. The company's 280 employees will be retained. Takeover strengthens construction group in the south of Austria.
Böhm, a subsidiary of the Austrian construction giant Strabag, is taking over Lederer Bau, based in Graz. The Styrian family business is active in building construction as a general contractor for complete solutions and achieved an annual turnover of around 90 million euros last year. Strabag is Austria's largest construction company with around 11,641 employees and a turnover of 2.9 billion euros.
With the Böhm brand, Strabag has been active in renovation and revitalization in the Vienna area for decades. According to a press release, the takeover of Lederer Bau in Styria is intended to bundle the expertise of the two companies for southern Austria. Lederer has a strong focus on construction in existing buildings and special expertise in the renovation of existing buildings, the revitalization of old town buildings, thermal energy renovations and the restoration of listed buildings. For Strabag, which aims to become climate-neutral by 2040, building in existing buildings is not only an important business area, but also a strategic pillar on the path to climate neutrality.
Lederer Bau will be retained
Lederer Bau will continue to exist as a company and the Lederer family will remain active in the company. All 280 employees will also be retained. The entire existing service portfolio will continue to be available. The completion of the transaction is still subject to merger control clearance. On the part of Strabag SE, the economic completion still requires the approval of the Supervisory Board.
"As an Austrian construction group, it is particularly important for us to be well anchored locally," explains Markus Engerth, Member of the Management Board of Strabag Austria. With the support and expertise of the Lederer family business, a regional focus is being created for existing buildings in southern Austria. Bernhard Lederer, Managing Director of Lederer Bau, is "very proud to be able to contribute added value as a family business with our know-how to the joint future vision in order to further develop our success story." The combination of the flexibility of a medium-sized company with the existing structures of a large corporation creates the "best of both worlds" - both for employees and for our customers.
Building in existing buildings is becoming more important
Existing buildings are becoming increasingly important as a building block for sustainable construction, as existing structures are preserved, resources are conserved and CO₂ emissions are reduced. The EU's Taxonomy Regulation facilitates financing for sustainable projects and the EU Buildings Directive requires the entire building stock in the EU to be climate-neutral by 2050. According to Strabag, this will create great demand for thermal refurbishment and modernization of existing buildings.