Bilfinger Berger
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Bilfinger Berger
Bilfinger SE
Societas Europaea
Traded asFWBGBF
IndustryEngineering and Services
Founded1880
HeadquartersMannheim, Germany
Key people
Thomas Blades (CEO and chairman of the management board), Eckhard Cordes (Chairman of the supervisory board)
Revenue
Number of employees
35,905 (as of December 2018)[1]
Websitewww.bilfinger.com

Bilfinger SE (previously named Bilfinger Berger AG) is a European company specialized in civil and industrial construction, engineering and services based in Mannheim, Germany.

History

Head office in Mannheim

Bilfinger dates back to 1880 when August Bernatz founded Bernatz Ingenieurwissenschaft as an engineering business: it became known, from 1886 as Bernatz & Grün and, from 1892, as Grün & Bilfinger when Paul Bilfinger replaced Bernat as partner.[2]

In 1970 Grün & Bilfinger acquired a majority stake in Julius Berger-Bauboag AG, itself a merger of two companies, Julius Berger Tiefbau AG and Berlinische Boden-Gesellschaft AG, both founded in 1890. The combined business, fully integrated in 1975, finally took the name Bilfinger & Berger Bauaktiengesellschaft.[2] In 1994 the acquisition of Razel Company took place.[2]

In 2001 the business changed its name to Bilfinger Berger AG.[2]

In 2005, Bilfinger bought all shares of Babcock Borsig Service Group from Deutsche Beteiligungs AG.[3][4]

In 2008 the company sold Razel to group Fayat for 137 million euro.[5]

In October 2009 the Company acquired directly MCE Beteiligungsverwaltungs GmbH itself, a business based in Linz focused on the design, construction and maintenance of facilities in the process industry and the energy sector.[6]

In November 2009 Bilfinger announced that it is considering floating Bilfinger Berger Australia on the Australian Securities Exchange via an initial public offering (IPO).[7] The prospectus for the IPO for the new Australian entity (named Valemus) was issued in June 2010 and the company was listed on the ASE in July.[8]

In recent years Bilfinger has shifted the focus of its activities toward the services business. In 2010, services contributed to 80% of the company's total output volume of EUR8,123 million and EBIT for the services division amounted to EUR297 million.[9] In November 2011, Bilfinger acquired 98 percent of shares in Neo Structo Construction Private Ltd., located in Surat, India, for a purchase price of EUR47 million.[10] In 2010 Bilfinger became a Societas Europaea (SE).[11]

In December 2014 Bilfinger signed a deal to sell the construction division to Switzerland's Implenia AG leaving the building industry. It had once been Germany's second largest builder.[12]

In June 2016 Bilfinger announced the sale of the construction and real estate business Building & Facility to Swedish financial investor EQT.[13]

In February 2018 the company announced that it would seek damages from the former directors of the company after alleged breaches in compliance and a series of acquisitions that failed to create shareholder value.[14]

Operations

Bilfinger Logo at the entrance of Head Office (2012)

Bilfinger SE is a Deutsche Börse SDAX index traded, leading international industrial services provider. The portfolio covers the entire value chain from consulting, engineering, manufacturing, assembly, maintenance, plant expansion as well as turnarounds and also includes environmental technologies and digital applications.[15]
Bilfinger, as a result of numerous acquisitions and disposals, is no longer a traditional construction company but instead a provider of services for industrial plants, power plants and real estate.[16] Thus, in the financial year 2010, around 80 percent of the revenue came from services and the remaining 20 percent from construction activities.[17]

Ownership

The ownership of the business as at 30 June 2018 was as follows:[18]

Percentage Investor
76.1 % Institutionelle Anleger
18.0 % Privatanleger
29.5 % Cevian Capital
16.0 % Institutionelle Anleger Deutschland
10.9 % Institutionelle Anleger Großbritannien
5.6 % Institutionelle Anleger Schweiz
7.5 % Institutionelle Anleger Vereinigte Staaten
3.2 % Institutionelle Anleger Skandinavien
0.3 % Institutionelle Anleger Benelux
1.0 % Institutionelle Anleger Frankreich
1.0 % sonstige institutionelle Anleger

Major projects

Major projects have included the Ludendorff Bridge at Remagen completed in 1919,[19] the Busch Memorial Stadium completed in 1966,[19] the Munich Olympic Stadium completed in 1972,[19] the Sydney Opera House completed in 1973,[19] the Dresdner Bank Tower completed in 1978,[19] the Oymapinar Dam in Turkey completed 1984,[19] the Bang Na Expressway completed in 2000,[20] the M? Thu?n Bridge in Vietnam completed in 2000,[19] the Centennial Bridge over the Panama Canal completed in 2004,[21] the Svinesund Bridge between Sweden and Norway completed in 2005,[22] expansion of the Gloucestershire Royal Hospital completed in 2005,[23] the northern section of the Nuremberg-Munich high-speed railway completed in 2006,[24] the Golden Ears Bridge near Vancouver in Canada completed in 2009,[25] the foundations for the London Array completed in 2009,[26] the Niederfinow Boat Lift in Germany completed in 2014,[27] restoration and conversion of Sonnenstein Castle in Pirna for the Administration Offices in Sächsische Schweiz-Osterzgebirge in Germany completed in 2012,[28] Block 9 of the Power Station of Mannheim in Germany completed in 2013,[29] the new line of Edinburgh tramway in Scotland completed in 2014,[30] the North-South line of Cologne Stadtbahn in Germany completed in 2015,[31] the Sedrun section of Gotthard Base Tunnel in Switzerland (along with Frutiger AG, Implenia and Impresa Pizzarotti as part of the Transco consortium) completed in 2016[32][33] and the Düsseldorf Stadtbahn from Düsseldorf-Bilk station to Düsseldorf Wehrhahn station completed in 2016.[34]

List of major works in progress

Controversies

In March 2009, a building collapsed in Cologne due to the nearby construction site for the Cologne Stadtbahn Nord-Süd-Stadtbahn (in German). The collapse is suspected to be caused by the construction works, and to several irregularities.[37][38]

Several other construction projects are suspected to have been conducted with irregularities: the Düsseldorf Stadtbahn Wehrhahn-Linie (in German), the Nuremberg-Munich high-speed railway[37][38] and the Bundesautobahn 1.[39]

In November 2018, Bilfinger was sued by Christopher Steele, who alleged that the company owed EUR150,000 for an investigation into Bilfinger's activities in Nigeria and Sakhalin.[40]

See also

References

  1. ^ a b c d "Annual Report 2018" (PDF). Bilfinger. Retrieved 2019.
  2. ^ a b c d "Bilfinger - der internationale Engineering- und Servicekonzern - Bilfinger SE". bilfingerberger.com. 10 July 2015. Retrieved 2015.
  3. ^ "Bilfinger Berger is the new strategic investor". 2005-06-23. Retrieved .
  4. ^ "Deutsche Beteiligungs AG Divests Babcock Borsig Service". PRNewswire. 2005-03-09. Retrieved .
  5. ^ FAYAT SA acquires Razel SA from Bilfinger Berger AG Thomson M&A, 20 October 2008
  6. ^ Bilfinger Offers Remedies in European Union Review of MCE Deal Archived 2011-07-23 at the Wayback Machine
  7. ^ "Bilfinger Berger considers up to $1.5bn IPO of Australian assets". Michael Bennet. The Australian. November 10, 2009. Retrieved .
  8. ^ "Valemus plans $1.39bn float on ASX". AAP. AFR. 8 Jun 2010. Retrieved 2010.
  9. ^ Bilfinger SE: Annual Report 2010, accessdate: 25. August 2011
  10. ^ German Bilfinger Berger Acquires Surat Based Neo Structo Construction Archived 2011-11-26 at the Wayback Machine All Voices, 24 November 2011
  11. ^ Advising Bilfinger on transformation into SE Allen & Overy, 15 April 2010
  12. ^ "Bilfinger Seals $282 Million Sale to Implenia to Exit Building". Bloomberg. 14 December 2014. Retrieved 2015.
  13. ^ "EQT buys Bilfinger's building and facility division". FMJ. 3 June 2016. Retrieved 2019.
  14. ^ "Bilfinger to seek compliance damages from former executives". Euro News. 20 February 2018. Retrieved 2019.
  15. ^ Bilfinger company profile 28. March 2017
  16. ^ n-tv online, Abkehr vom Baugeschäft: Bilfinger Berger im Umbruch (13. März 2011), zuletzt retrieved, 24 August 2011
  17. ^ M.Gassmann, Bilfinger hält Lage für stabil, Financial Times Deutschland/Börse Online (12. August 2011), zuletzt retrieved, 24 August 2011
  18. ^ Bilfinger SE: Aktionärsstruktur Archived 2012-11-29 at the Wayback Machine, Retrieved 13 October 2018
  19. ^ a b c d e f g "Bilfinger - der internationale Engineering- und Servicekonzern - Bilfinger SE". bilfingerberger.com. 10 July 2015. Archived from the original on 24 March 2010. Retrieved 2015.
  20. ^ Brockmann, Christian; Horst Rogenhofer (January-February 2000). "Bang Na Expressway, Bangkok, Thailand--World's Longest Bridge and Largest Precasting Operation" (PDF). PCI Journal. 45 (1): 26-38. Retrieved .
  21. ^ "Second Bridge over the Panama Canal". Retrieved 2015.
  22. ^ "Bilfinger - der internationale Engineering- und Servicekonzern - Bilfinger SE". bilfingerberger.com. 10 July 2015. Retrieved 2015.
  23. ^ "Bilfinger wins reprieved hospital project". Construction News. 26 July 2001. Retrieved 2018.
  24. ^ "Nuremberg-Munich high-speed railway" (PDF). Mega project. Retrieved 2015.
  25. ^ Golden Ears Bridge at Structurae
  26. ^ "London Array contract awarded to Bilfinger Berger". IJ Global. 4 November 2009. Retrieved 2015.
  27. ^ "German Ship Lift Rebuilt as Stimulus Floods Waterways (Update1)". bloomberg.com. Retrieved 2015.
  28. ^ German Construction Will See Contraction Ease in 2010 Archived 2011-07-23 at the Wayback Machine
  29. ^ Elin Motoren. "ELIN Motoren". elinmotoren.at. Retrieved 2015.
  30. ^ Transport Initiatives Edinburgh Press Release Archived 2011-10-06 at the Wayback Machine
  31. ^ "KÖLN Nord-Süd-Stadtbahn". Schwandl. 15 December 2015. Retrieved 2018.
  32. ^ Transco website Archived 2010-05-29 at the Wayback Machine
  33. ^ Booth, Martina (29 April 2010). "Gotthard: A titanic tunnel". New Civil Engineer. EMAP Publishing Limited. Retrieved 2015.
  34. ^ "Bilfinger Berger completes phase I of Düsseldorf rail line". World Construction Network. 22 September 2010. Retrieved 2015.[permanent dead link]
  35. ^ Berliner Morgenpost - Berlin. "Großaufträge - Bilfinger Berger baut U-Bahn "Unter den Linden" - Berlin Aktuell - Berliner Morgenpost". morgenpost.de. Retrieved 2015.
  36. ^ "Bilfinger Berger wins £193M worth of underground contracts". New Civil Engineer. 13 February 2012. Retrieved 2015.
  37. ^ a b "Les combines des chantiers du métro minent le vieux Cologne" (in French). La-Croix.com. Retrieved .
  38. ^ a b "En Allemagne, les graves malversations du numéro deux du BTP font scandale" (in French). Lemonde.fr. Retrieved .
  39. ^ "Crumbling A1 motorway casts shadow on construction firm - The Local". Thelocal.de. Retrieved .
  40. ^ Harding, Luke (November 8, 2018). "Trump dossier author suing engineering firm for alleged unpaid work". The Guardian.

Further reading

  • Bernhard Stier and Martin Krauß: Drei Wurzeln - ein Unternehmen. 125 Jahre Bilfinger Berger AG. ISBN 3-89735-411-X.

External links


  This article uses material from the Wikipedia page available here. It is released under the Creative Commons Attribution-Share-Alike License 3.0.

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