10. January 2019
Instead of paying the usual attention to our loyal customers and the associated support of compliance rules,we have decided to donate the money to the following charitable organizations instead: Oberhausen [...]
Instead of paying the usual attention to our loyal customers and the associated support of compliance rules,we have decided to donate the money to the following charitable organizations instead:
- Oberhausen hilft e. V.
- SCHAKI e. V. Selbsthilfegruppe für Schlaganfall-Kinder
29. March 2018
ERBUD S.A. is taking over shares of the IVT Weiner + Reimann GmbH
The acquisition of Oberhausen’s industrial service provider by a Polish construction group offers attractive perspectives for all parties involved. Oberhausen/ Warsaw, 28th of February 2018 – The IVT Weiner + [...]
The acquisition of Oberhausen’s industrial service provider by a Polish construction group offers attractive perspectives for all parties involved.
Oberhausen/ Warsaw, 28th of February 2018 – The IVT Weiner + Reimann GmbH sold 100 percent of their shares to ERBUD S.A. ERBUD is one of the leading construction groups in Poland. The acquisition of the company from the Ruhr area was the biggest in the field of engineering and industrial services to date. The acquired company and the location Oberhausen is supposed to be significantly reinforced by the integration of the IVT to the ERBUD S.A., and further growth should be generated as well.
The IVT Weiner + Reimann GmbH employs 241 people and has been existing for more than 35 years. Its major business areas are in the field of industrial and supply technology which offer a big range of demanding services. IVT has nine locations next to its headquarters in Oberhausen. Customers include companies from the energy, mining, building and chemical industry amongst others. The takeover also pertains the subsidiary IVT Menzenbach GmbH, which has specialised in labour leasing.
Investor wants to position itself more broadly on the German market
The share acquisition by the ERBUD S.A. is mainly pursued because the Polish company found the capabilities of the IVT to be promising impulses for the development and growth of the international market. The German market is of crucial importance for ERBUD: The construction group is having a mainstay together with the GWI in Dusseldorf for some time now from which they were able to realise numerous projects across Germany. ERBUD International is the German association of the ERBUD group, it performs construction projects in Germany as well as in Belgium. The Group Wolff & Müller construction participation GmbH & Co. KG, including the Wolff & Müller Holding GmbH & Co. KG, is a German group which is participating with 32.41 percent of the shares in the ERBUD S.A.
Evolutionary integration process
ERBUD is expanding the group’s range of services by the acquisition of IVT and is investing its involvement in the German market. The investor mainly benefits from the increased customer relations and the good reputation IVT was able to form and build up in the last three decades, as well as its employees’ expertise, experience and loyalty. Considering that, it is best if the integration processes are made gradually and with caution.
Future security for IVT
The acquisition of IVT by ERBUD has good prospects in terms of stability and growth for the location of Oberhausen in particular. The financial strength and the involvement of the Polish provider are ensuring that IVT can use all its given chances and can apply its expertise at best. A clear sign for the planned and intended continuity may be the fact that the previous directors Carsten Weiner and Heinz Reimann will remain present in the company.
“We are making an important step towards growth and future security through the shared acquisition by ERBUD. Our specific knowledge, our contacts and the relations which have been established for decades complements well with the potential and resources ERBUD has to offer, and the corporate cultures of both parties involved fit together as well”, explains Carsten Weiner, the director of IVT Weiner + Reimann GmbH.
“The ERBUD group is characterized by its high degree of internationalization and a sound financial position. In Poland, ERBUD Industry is already offering services which comply with the services of IVT. We can expand our range of services significantly through the integration of IVT and can draw upon the knowledge and skills of its employees”, adds Dariusz Grzezczak, the CEO of ERBUD S.A.
About ERBUD S.A:
The capital group ERBUD, founded in 1990, is one of the biggest Polish corporate groups in the building industry. ERBUD is providing services in Poland and other countries. The group has a long-standing experience on the Polish market and further Eastern European markets. It is specialised in building construction and civil engineering, engineering and road construction, as well as construction works for industry and energy beings. The ERBUD group is implementing projects with a capacity of about 2 Billion PLN. annually. The company ERBUD S.A. is quoted at the stock exchange in Warsaw since 2007.
The most recent realised construction projects are Hala Koszyki, the Eurocentrum Office Complex and the Royal Wilanów in Warsaw, the Centre for Invasive Medicine of the Medical Academy in Gdańsk, the shopping centre Galeria Magnolia and the Przylądek Nadziei hospital in Wrocław amongst others.
Further information: www.erbud.pl.
Contact for media:
+49 (0) 208 / 999 88 0
IVT Weiner + Reimann GmbH / IVT Menzenbach GmbH
Phone: 0208 99988 0
Fax: 0208 892036