Bilfinger Considers Mergers and Acquisitions for Growth
Exploring New Opportunities
Bilfinger, a German industrial services provider, is contemplating expansion through mergers and acquisitions. The company’s finance chief, Matti Jaekel, revealed plans to explore potential opportunities in the Middle East and the United States.
“Our firepower amounts to several hundreds of millions of euros,” Jaekel stated. “Financial institutions are willing to support us in potential takeover endeavors.”
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No Immediate Takeover Threat
In response to inquiries about Bilfinger’s vulnerability to takeovers, Jaekel asserted that there is currently no evident interest from strategic buyers. He also noted that the company’s strong share price performance has made it challenging for financial investors to consider a takeover.
Past Speculation and Rumors
Bilfinger found itself amidst takeover rumors in 2020 and 2021, with French industrial services group Altrad surfacing as a potential acquirer. Despite the speculation, no concrete deal materialized during that time.
Financial Context
