Bilfinger Scheven GmbH, headquartered in Erkrath, Germany, was founded in 1982 as a subsidiary of Bilfinger Berger AG and goes back to the family-owned company Scheven, founded in 1874, which already at that time planned and built central water systems, sewage systems and public swimming baths. Today‘s service offering in the areas of civil, piping and engineering comprises all project stages from budget planning to construction and documentation. At five sites in the Rhineland region, the company generated revenues of around 20 million Euros with approx. 200 employees. „As a full-service provider Scheven is able to successfully differentiate itself from competitors and create a real value-added for its customers. The high customer satisfaction is reflected by the longstanding client relationships to well-known customers in the industrial and public sectors“, comments Guido Helmig, Scheven‘s Managing Director.Bilfinger SE is a leading stock-market listed international industrial service group. The service offering for clients in the process industry and energy sector covers the full value-chain from consulting and engineering to production and installation. The company generates an annual output volume of more than 4 billion Euros with roughly 40,000 employees. In the context of its ongoing strategic realignment process this transaction enables Bilfinger to further concentrate on the core business of industrial services. At the same time, as a stand-alone company Scheven will be able to explore new opportunities and business potentials as DUBAG in cooperation with management want to strengthen and further extend Scheven‘s competencies by their expertise and further investments. Decisive for the sale to DUBAG was their proven expertise in corporate carve-outs as well as their sustainable investment concept“, summarises Birgit Meyer zu Selhausen, Member of the Management Board at VR Corporate Finance.
DZ BANK AG
Advised in the sale of
Bilfinger Scheven GmbH
to