Bilfinger

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German construction and engineering company

title: "Bilfinger" type: doc version: 1 created: 2026-02-28 author: "Wikipedia contributors" status: active scope: public tags: ["companies-based-in-mannheim", "construction-and-civil-engineering-companies-of-germany", "mannheim", "construction-and-civil-engineering-companies-established-in-1880", "german-companies-established-in-1880", "companies-formerly-in-the-mdax", "companies-listed-on-the-frankfurt-stock-exchange", "societas-europaea-companies"] description: "German construction and engineering company" topic_path: "engineering" source: "https://en.wikipedia.org/wiki/Bilfinger" license: "CC BY-SA 4.0" wikipedia_page_id: 0 wikipedia_revision_id: 0

::summary German construction and engineering company ::

::data[format=table title="Infobox company"]

FieldValue
nameBilfinger SE
logoBilfinger Logo.svg
typeSocietas Europaea
traded_as
MDAX
founderPaul Bilfinger
foundation1880
locationMannheim, Germany
key_peopleEckhard Cordes (Chairman of the supervisory board)
Thomas Schulz (CEO)
industryEngineering and Services
revenue€3,737.4 million (2021)
operating_income€121.2 million (2021)
net_income€123.4 million (2021)
num_employees29,756 (2021)
homepagewww.bilfinger.com
::

| name = Bilfinger SE | logo = Bilfinger Logo.svg | type = Societas Europaea | traded_as = MDAX | founder = Paul Bilfinger | foundation = 1880 | location = Mannheim, Germany | key_people = Eckhard Cordes (Chairman of the supervisory board) Thomas Schulz (CEO) | industry = Engineering and Services | products = | revenue = €3,737.4 million (2021) | operating_income = €121.2 million (2021) | net_income = €123.4 million (2021) | num_employees =29,756 (2021) | parent = | subsid = | homepage = www.bilfinger.com

Bilfinger SE (previously named Bilfinger Berger AG) is a German multinational company specialized in civil and industrial construction, engineering and services based in Mannheim, Germany.

History

::figure[src="https://upload.wikimedia.org/wikipedia/commons/c/c4/Bilfinger_SE_Zentrale_Mannheim_2019.jpg" caption="Head office in Mannheim"] ::

Bilfinger dates back to 1880 when August Bernatz founded Bernatz Ingenieurwissenschaft as an engineering business: it became known, from 1886 as Bernatz & Grün and, from 1892, as Grün & Bilfinger when Paul Bilfinger replaced Bernatz as partner.

During the Second World War, Grün & Bilfinger employed Jewish slave laborers from the Kovno Ghetto in occupied Lithuania where it was known for its brutal harassment of the Jewish slaves.

In 1970, Grün & Bilfinger acquired a majority stake in Julius Berger-Bauboag AG, itself a merger of two companies, Julius Berger Tiefbau AG and Berlinische Boden-Gesellschaft AG, both founded in 1890. The combined business, fully integrated in 1975, finally took the name Bilfinger & Berger Bauaktiengesellschaft. In 1994 the acquisition of Razel Company took place.

In 2001 the business changed its name to Bilfinger Berger AG.

In 2005, Bilfinger bought all shares of Babcock Borsig Service Group from Deutsche Beteiligungs AG.

In 2008 the company sold Razel to group Fayat for 137 million euro.

In October 2009 the company acquired directly MCE Beteiligungsverwaltungs GmbH itself, a business based in Linz focused on the design, construction and maintenance of facilities in the process industry and the energy sector.

In June 2010, a prospectus was issued with the aim of listing Bilfinger Berger Australia on the Australian Securities Exchange via an initial public offering. In July 2010 the listing was abandoned with a trade sale to Lendlease agreed in December 2010.

In 2010, services contributed to 80% of the company's total output volume of €8,123 million and EBIT for the services division amounted to €297 million. In November 2011, Bilfinger acquired 98 percent of shares in Neo Structo Construction Private Ltd., located in Surat, India, for a purchase price of €47 million. In 2010 Bilfinger became a Societas Europaea (SE).

In December 2014 Bilfinger signed a deal to sell the construction division to Switzerland's Implenia AG. It had once been Germany's second largest builder.

In June 2016 Bilfinger announced the sale of the facilities management and real estate business to Swedish financial investor EQT.

In February 2018 the company announced that it would seek damages from the former directors of the company after alleged breaches in compliance and a series of acquisitions that failed to create shareholder value. After securing shareholder consent in June 2020, Bilfinger reached a settlement with the former Executive Board members. The settlement with a total volume of €18.2 million ends the assertion of claims of for damages by Bilfinger.

Operations

::figure[src="https://upload.wikimedia.org/wikipedia/commons/d/d4/Logo_am_Gebaeude.jpg" caption="Bilfinger Logo at the entrance of Head Office (2012)"] ::

Bilfinger SE is a Deutsche Börse SDAX index traded, leading international industrial services provider. The portfolio covers the entire value chain from consulting, engineering, manufacturing, assembly, maintenance, plant expansion as well as turnarounds and also includes environmental technologies and digital applications. Bilfinger, as a result of numerous acquisitions and disposals, is no longer a traditional construction company but instead a provider of services for industrial plants, power plants and real estate. In financial year 2019, revenues came from industrial and engineering services in the Chemical & Petrochemical (30%), Energy & Utilities (15%), Oil & Gas (30%), Pharma & Biopharma (10%), Metallurgy (5%) and Cement/Other (10%) industries.

Ownership

The ownership of the business as at 31 December 2019 was as follows:

::data[format=table]

PercentageInvestor
74.3%Institutional Investors
16.9%Undisclosed
8.9%Treasury Shares
26.8%Cevian Capital
14.4 %Institutional Investors Germany
10.9%Institutional Investors UK
9.4 %Institutional Investors USA
4.7 %Institutional Investors Switzerland
3.9 %Institutional Investors Scandinavia
2.6%Institutional Investors Spain
1.2%Institutional Investors France
2.3%Other Institutional Investors
::

Major projects

Major projects have included:

Controversies

In March 2009, a building collapsed in Cologne due to the nearby construction site for the Cologne Stadtbahn Nord-Süd-Stadtbahn . The collapse is suspected to be caused by the construction works, and to several irregularities. In June 2020, Bilfinger reached an out-of-court agreement that settles all civil claims arising from the collapse of the city’s municipal archive building.

Several other construction projects are suspected to have been conducted with irregularities: the Düsseldorf Stadtbahn Wehrhahn-Linie , the Nuremberg–Munich high-speed railway

In November 2018, Bilfinger was sued by Christopher Steele, who alleged that the company owed €150,000 for an investigation into Bilfinger's activities in Nigeria and Sakhalin.

References

References

  1. "Annual Report 2021". Bilfinger.
  2. (10 July 2015). "Bilfinger - der internationale Engineering- und Servicekonzern - Bilfinger SE". bilfingerberger.com.
  3. Tauber, Joachim. (2015). "Arbeit als Hoffnung: jüdische Ghettos in Litauen 1941-1944". De Gruyter Oldenbourg.
  4. (2005-06-23). "Bilfinger Berger is the new strategic investor".
  5. (2005-03-09). "Deutsche Beteiligungs AG Divests Babcock Borsig Service". PRNewswire.
  6. [http://www.alacrastore.com/deal-snapshot/FAYAT_SA_acquires_Razel_SA_from_Bilfinger_Berger_AG-534723 FAYAT SA acquires Razel SA from Bilfinger Berger AG] {{Webarchive. link. (2009-10-21 Thomson M&A, 20 October 2008)
  7. link. (2011-07-23)
  8. [https://www.abc.net.au/news/2010-06-08/german-giant-bilfinger-pushes-ahead-with-float/860724 German giant Bilfinger pushes ahead with float] ''[[ABC News (Australia). ABC News]]'' 9 June 2010
  9. [https://www.theage.com.au/business/bilfinger-berger-postpones-valemus-ipo-20100706-zy1e.html Bilfinger Berger postpones Valemus IPO] ''[[The Age]]'' 6 July 2010
  10. [https://web.archive.org/web/20200317104601/https://www.lendlease.com/-/media/llcom/investor-relations/asx-announcements/2010/20101221-ll-acquire-aus-engineering-and-construction-businesses.pdf Lend Lease to acquire leading Australian engineering and construction businesses] Lend Lease 21 December 2010
  11. Bilfinger SE: [http://www.bilfinger.com/fileadmin/corporate_webseite/unternehmen/publikationen/Bilfinger-Berger-Geschaeftsbericht-2010_de.pdf Annual Report 2010], accessdate: 25. August 2011
  12. [http://www.allvoices.com/contributed-news/10946861-german-bilfinger-berger-acquires-surat-based-neo-structo-construction German Bilfinger Berger Acquires Surat Based Neo Structo Construction] {{webarchive. link. (2011-11-26 All Voices, 24 November 2011)
  13. [https://archive.today/20130116120310/http://www.allenovery.com/AOWEB/AreasOfExpertise/Editorial.aspx?contentTypeID=1&contentSubTypeID=7946&itemID=55789&prefLangID=410 Advising Bilfinger on transformation into SE] Allen & Overy, 15 April 2010
  14. (14 December 2014). "Bilfinger Seals $282 Million Sale to Implenia to Exit Building". Bloomberg.
  15. (3 June 2016). "EQT buys Bilfinger's building and facility division". FMJ.
  16. (20 February 2018). "Bilfinger to seek compliance damages from former executives". Euro News.
  17. "Bilfinger Shareholders Approve Settlement With Former Executive Board Members".
  18. [http://www.bilfinger.com/en/company/about-us/profile/ Bilfinger company profile] 28. March 2017
  19. n-tv online, [http://www.n-tv.de/wirtschaft/Bilfinger-Berger-im-Umbruch-article2980011.html Abkehr vom Baugeschäft: Bilfinger Berger im Umbruch] (13. März 2011), zuletzt retrieved, 24 August 2011
  20. "Reporting Factbook".
  21. "Reporting Factbook".
  22. (10 July 2015). "Bilfinger - der internationale Engineering- und Servicekonzern - Bilfinger SE". bilfingerberger.com.
  23. Brockmann, Christian. (January–February 2000). "Bang Na Expressway, Bangkok, Thailand—World's Longest Bridge and Largest Precasting Operation". PCI Journal.
  24. "Thailand starts digging tunnels for 1st Bangkok subway. - Free Online Library".
  25. "Second Bridge over the Panama Canal".
  26. (10 July 2015). "Bilfinger - der internationale Engineering- und Servicekonzern - Bilfinger SE". bilfingerberger.com.
  27. (26 July 2001). "Bilfinger wins reprieved hospital project". Construction News.
  28. "Nuremberg–Munich high-speed railway". Mega project.
  29. "Golden Ears Bridge".
  30. (4 November 2009). "London Array contract awarded to Bilfinger Berger". IJ Global.
  31. "German Ship Lift Rebuilt as Stimulus Floods Waterways (Update1)". bloomberg.com.
  32. link. (2011-07-23)
  33. Elin Motoren. "ELIN Motoren". elinmotoren.at.
  34. [http://www.edinburghtrams.com/include/uploads/media_release/infraco_oct07.pdf Transport Initiatives Edinburgh Press Release] {{webarchive. link. (2011-10-06)
  35. (15 December 2015). "KÖLN Nord-Süd-Stadtbahn". Schwandl.
  36. [http://www.transco-sedrun.ch/1_DEU_HTML.htm Transco website] {{webarchive. link. (2010-05-29)
  37. Booth, Martina. (29 April 2010). "Gotthard: A titanic tunnel". EMAP Publishing Limited.
  38. (22 September 2010). "Bilfinger Berger completes phase I of Düsseldorf rail line". World Construction Network.
  39. (3 March 2010). "Les combines des chantiers du métro minent le vieux Cologne". La-Croix.com.
  40. (2 March 2010). "En Allemagne, les graves malversations du numéro deux du BTP font scandale". Lemonde.fr.
  41. (July 2020). "Three big contractors agree €600m settlement for fatal collapse of Cologne archives building".
  42. "Crumbling A1 motorway casts shadow on construction firm - The Local". Thelocal.de.
  43. Harding, Luke. (November 8, 2018). "Trump dossier author suing engineering firm for alleged unpaid work". [[The Guardian]].

::callout[type=info title="Wikipedia Source"] This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page. ::

companies-based-in-mannheimconstruction-and-civil-engineering-companies-of-germanymannheimconstruction-and-civil-engineering-companies-established-in-1880german-companies-established-in-1880companies-formerly-in-the-mdaxcompanies-listed-on-the-frankfurt-stock-exchangesocietas-europaea-companies