The business is being sold to Chinese company Chengdu Techcent Environment Group, which has been active in the sector for many years.
The sale is in line with Bilfinger’s increased focus on its core business. In the course of its strategic repositioning, the company had announced that it would review its portfolio. A number of strategic options for the water technologies division were looked at before deciding on the sale.
“We are pleased that our successful water business has found such a financially strong and long-term oriented buyer”, said executive board chairman Per Utnegaard. “The move to a company in which water technology is the focus of business operations opens up excellent development prospects for Water Technologies.”
In the division, about 1,600 employees generated an output volume of approximately €300 million in 2015.
Got a story? Email news@theconstructionindex.co.uk
