Strabag

Strabag SE

Type	Societas Europaea
Traded as	WBAG: STR, : XD4
Industry	Construction
Founded	1835
Headquarters	Vienna, Austria
Key people	Alfred Gusenbauer (Chairman of the supervisory board), Thomas Birtel (CEO)
Services	Building construction and civil engineering; infrastructure construction; tunnelling; facility management
Revenue	€12.38 billion (2010)
Operating income	€299.0 million (2010)
Profit	€174.9 million (2010)
Total assets	€10.38 billion (end 2010)
Total equity	€3.232 billion (end 2010)
Number of employees	76,100 (average, 2014)
Website	www.strabag.com

Strabag SE is a European construction company based in Villach, Austria, with its headquarters in Vienna. It is the largest construction company in Austria and one of the largest construction companies in Europe. The company is active in its home markets Austria and Germany and in all countries of Eastern and South-East Europe, in selected markets in Western Europe, on the Arabian Peninsula, as well as in Canada, Chile, China and India. In these markets STRABAG has subsidiaries or operates on a project-basis.

The business has its origins in two businesses: Lerchbaumer, founded in 1835 by Anton Lerchbaumer and known as ILBAU from 1954 and Strassenwalzenbetrieb, founded 1895, and known as STRABAG from 1930. These two businesses came under the common ownership of BIBAG Bauindustrie Beteiligungs Aktiengesellschaft (subsequently renamed STRABAG SE) – a company listed on the Vienna Stock Exchange – in 1998. In 1999, STRABAG acquired Strubag. The same year, a financial settlement was found for the free float, and the company was delisted from the Vienna Stock exchange.

In 2000, the holding company Bauholding STRABAG (or STRABAG SE since 2006) started a strong brand strategy throughout Europe, unifying all under the core brand "STRABAG". In Austria ILBAU and STUAG merged into the new STRABAG AG. The following year, the holding company became the major shareholder in German company STRABAG AG (based in Cologne).

Subsequent acquisitions included Deutsche Asphalt Group in 2002, Waltr Bau Group in 2005, a majority stake in Ed. Züblin in 2005, Adanti SpA, KIRCHNER Holding GmbH, F. Kirchhoff AG and Deutsche Telekom Immobilien und Service GmbH in 2008.

In 2007, STRABAG SE launched its Initial Public Offering on the Vienna Stock exchange.

In December 2013 the Supreme Court of the Slovak Republic confirmed that one of the companies of the Strabag Group participated in bid rigging cartel of construction companies (together with companies of Skanska group and Mota-Engil group) in 2004. Illegal conduct was associated with the tender for the execution of works for the construction of the D1 highway from Mengusovce to Jánovce in Eastern Slovakia.