German Industrial Services Provider Bilfinger Eyes Growth Through Mergers and Acquisitions
Bilfinger’s Expansion Plans
German industrial services provider Bilfinger is contemplating expanding through mergers and acquisitions, with a keen eye on potential opportunities in the Middle East and United States, according to the company’s finance chief in an interview with Boersen-Zeitung.
Financial Strength and Support
“Our firepower amounts to several hundreds of millions of euros,” revealed Matti Jaekel. “Banks are ready to assist us in potential takeover endeavors.”
Takeover Speculation
Addressing rumors of Bilfinger being a takeover target itself, Jaekel mentioned the absence of any current interest from strategic bidders. He also highlighted the challenges financial investors face due to the company’s robust share price performance.
Historical Speculation
Bilfinger was previously subject to takeover speculations in 2020 and 2021, with French industrial services group Altrad being named as a potential suitor, although no deal materialized during that period.
($1 = 0.9229 euros)
