PORR AG (WBAG:POS) and Strabag SE (WBAG:STR) signed a purchase agreement to acquire Vamed Engineering Gmbh from Fresenius SE & Co. KGaA (XTRA:FRE) for ?90 million on May 8, 2024. The transaction includes Vamed?s entities responsible for the technical management of the Vienna General Hospital (AKH Wien), the Austrian project business that is part of Vamed?s Health Tech Engineering segment and shares in several spas throughout Austria.

The transaction is subject to approval by the relevant competition authorities, regulatory approvals and customary conditions. The transaction is expected to close on the second quarter of 2024. As of Q2 2024, Vamed will no longer be a reporting segment of Fresenius.

After exiting Vamed, Fresenius will consist of the two Operating Companies Fresenius Kabi and Fresenius Helios (each with 100% ownership share) and the Investment Company Fresenius Medical Care (32% ownership share).