• Egger PowAir Cleaning, Salzburg, specialises in environmentally friendly cleaning
  • 75 % stake in company with 15 employees
  • STRABAG invests in new technologies
Frankfurt, 20 February 2017---STRABAG Property and Facility Services (STRABAG PFS) is taking a 75 % stake in the Austrian Egger PowAir Cleaning GmbH, Salzburg, as part of a capital increase. The company, which has won several innovation and business awards, was founded in 2014 and currently has 15 employees. It generated sales of € 1.2 million in 2016.

Egger PowAir Cleaning specialises in the environmentally friendly cleaning of machinery and industrial facilities with compressed air (PowAir) as the primary cleaning agent. By adding various, non-toxic blasting abrasives such as glass, Egger PowAir Cleaning is able to perform 90 % of all technical cleaning required in the manufacturing industry without the use of water or chemical additives. In addition to the unique cleaning methods certified in accordance with DIN ISO 26000 Corporate Social Responsibility (CSR), the unique selling point is the highly flexible deployment of the cleaning team and their equipment with regard to both time and location.

"With regard to further growth, STRABAG PFS will always invest in companies that give us access to new technologies or markets," explains Marion Henschel, Vice Chair of the Management Board of the STRABAG PFS Group and Division Head, responsible among other things for finance and all M&A activities within the Group.

"This investment augments our service portfolio for industrial companies with a key competency that, alongside sales with many existing customers, also gives us access to previously untapped industries and sectors," says Stefan Babsch, Subdivision Head of STRABAG PFS International and Chairman of the Management Board of STRABAG PFS Austria.

STRABAG PFS expects sales to jump to € 4.0 million in the next two years merely as a result of the synergies with existing customers in Austria and Germany. In the future, founder Robert Egger (31) will bejoined on the Management Board of Egger PowAir Cleaning by Gabriele Gailhart, Managing Director of STRABAG PFS Austria.

It was agreed not to disclose the exact volume of STRABAG PFS' investment.

About STRABAG Property and Facility Services
STRABAG Property and Facility Services (STRABAG PFS) is a leading real estate and industrial service provider with a high level of vertical integration along the value chain for technical and commercial management of complete locations and entire portfolios of industrial and real estate companies. Its service portfolio comprises real estate management, technical and infrastructural facility management, construction in existing buildings and, via DIW, specialist services such as technical cleaning and industrial services. In Germany and neighbouring countries, its approximately 14,500 employees generate sales of € 1.1 billion. With over 230 branches and branch offices, STRABAG PFS is represented throughout all of Germany.

Strabag SE published this content on 20 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 20 February 2017 09:52:06 UTC.