BIS Group strengthening its position in Finland with the acquisition of successful E/I&C specialist
(PresseBox) - Bilfinger Berger Industrial Services Group (BIS Group) is acquiring Are Oy Industrial Services (Are IS), a specialist in electronic instrumentation and control technology (E/I&C) in Finland. The company has around 230 employees and generates annual revenues of some EUR 25 million. The seller Are Oy is parting ways with its successful industrial services business to concentrate on its core building service activities. The two parties have agreed not to disclose the purchase price.
Are IS has operations at key industrial sites across the country, with a customer list including such renowned names as Ruukki, Neste Oil and Borealis. Around 70 percent of its revenues are generated from ongoing plant maintenance. "After entering the Finnish market last year, we are adding electrical engineering and automation technology to our range of services with the acquisition of Are IS. This is a perfect fit for our previous activities in piping and mechanics. We expect to be able to harness cross-selling effects and thus generate further business thanks to this broader portfolio and access to new customers", says Dr. Michael Herbermann, CEO of the BIS Group.
Over and above temporary project business, BIS Group has been present in the Finnish market since October 2010 after taking over the company now known as BIS Production Partner Oy. With over 4,000 employees, the BIS Group generates annual revenues of around half a billion euros in Scandinavia, making it the regional market leader in industrial services.
Bilfinger Berger Industrial Services (BIS) provides industrial services chiefly targeted at the process and energy production industries. These services cover the entire life cycle of industrial assets and comprise individual activities, engineering, piping, plant assembly, extensive maintenance models and demanding large-scale projects. Established in 1887, Rheinhold & Mahla AG as the Company was previously called, or the BIS Group as it is known today, has around 28,000 employees and generated total revenues of over EUR 2.9 billion in 2010. A member of the Bilfinger Berger Multi Service Group since 2002, the Company has numerous operating companies across Europe as well as in North America and India. Further information available at www.BIS.bilfinger.com.
Bilfinger Berger Industrial Services (BIS) provides industrial services chiefly targeted at the process and energy production industries. These services cover the entire life cycle of industrial assets and comprise individual activities, engineering, piping, plant assembly, extensive maintenance models and demanding large-scale projects. Established in 1887, Rheinhold & Mahla AG as the Company was previously called, or the BIS Group as it is known today, has around 28,000 employees and generated total revenues of over EUR 2.9 billion in 2010. A member of the Bilfinger Berger Multi Service Group since 2002, the Company has numerous operating companies across Europe as well as in North America and India. Further information available at www.BIS.bilfinger.com.
Datum: 15.12.2011 - 11:37 Uhr
Sprache: Deutsch
News-ID 97368
Anzahl Zeichen: 2366
contact information:
Town:
Munich
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 321 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"BIS Group strengthening its position in Finland with the acquisition of successful E/I&C specialist"
steht unter der journalistisch-redaktionellen Verantwortung von
Bilfinger Berger Industrial Services GmbH (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
