Strabag acquires Italy’s Adanti
By Chris Sleight07 March 2008
Austrian construction giant Strabag SE has acquired Italian contractor Adanti for an undisclosed sum. Based in Bologna, Adanti was formerly owned by SECI, a holding company that controls international geotechnical engineering specialist Maccaferri Group.
Although a relatively small player, with sales of € 160 million last year and 370 employees, Strabag has ambitious plans for Adanti. In a statement it said, “Strabag plans to position Adanti as one of the leading construction companies in the Italian market in the medium term.”
Adanti is described as operating in all sectors of the Italian construction market, but with “Specific know-how in tunnelling.”
Commenting on the acquisition, Strabag CEO Hans Peter Haselsteiner said, “Adanti fits into the group excellently. Its high technological competence and market position gives us the opportunity to develop our business in Italy in all segments.”