Strabag PFSSTRABAG PFS has acquired Belgian multi-technical services provider ELCO Group with annual revenues of approximately €59 million.
Headquartered in Kehlen, western Luxembourg, the group employs approximately 450 people and at three principal operating companies – ELCO S.A, ELCO-SERVITEC S.A., and EFG S.A.
The ELCO Group’s established presence and extensive portfolio make it an ideal entry point for us into the Luxembourg market.
The acquisition is expected to enhance STRABAG PFS’s previously announced strategy of enhancing its position as an integrated provider of building lifecycle solutions.
Stefan Babsch, Managing Director of STRABAG PFS Austria, says: “The ELCO Group’s established presence and extensive portfolio make it an ideal entry point for us into the Luxembourg market.”
Founded in 1945, ELCO has evolved into a leading player in Luxembourg, serving public as well as private sector clients. The group’s services offering includes technical facilities management, HVAC system planning and installation, water and sanitary systems installation, and consultancy and installation services relating to security systems expertise. ELCO additionally delivers medium-voltage and renewable energy services, manufacturing support services, and telecommunication network installation.
ELCO’s current management team will be retained as STRABAG PFS’s expands its services offering in Belgium.
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