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FPS counsels STRABAG on acquisition of industrial services provider DIW

FPS advised STRABAG on the acquisition of the industrial services provider DIW Instandhaltung, a wholly-owned subsidiary of the technology company Voith.

STRABAG acquired the Stuttgart-based company, which offers industrial cleaning services as well as technical infrastructure facility management services to industrial clients, for its real estate services provider STRABAG Property and Facility Services (PFS). With a workforce of 6,000 employees, DIW Instandhaltung most recently generated annual sales of approximately €175 million. With the purchase, STRABAG PFS, which is already the second largest facility services provider in Germany today, will hit sales of €1 billion.

The transaction included targets in several jurisdictions (Germany, Austria, Great Britain).

Legal counsel for STRABAG:

FPS
Lead counsel: Dr. Holger J. Jakob (corporate and tax law)
Susanne Lang, Cathrin Geil (corporate law)
Dr. Georg Frhr. v.u.z Franckenstein, Dr. Tobias Clasen (real estate law)
John Büttner, Alexa Clauss, Benjamin Ehrlich (tax law)
Dr. Lutz Schreiber (IT)

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