European restructure for Hochtief

Hochtief has continued its European reorganisation with the announcement that Hochtief Solutions AG has now separated into four independent business units to form the basis of the company’s European Division.

On 1 January this year the building, infrastructure and engineering business segments were launched as independent companies, working alongside existing Hochtief PPP Solutions.

"We want to be closer to our customers and to the market. With this new structure, we combine the advantages of a strong small-and-medium-enterprises-oriented business approach optimally with the service spectrum of an internationally experienced construction group," said Marcelino Fernández Verdes, CEO of Hochtief.

Hochtief Building will focus on building construction business in Germany. The branches in the big cities will expand their market presence into the regions so that they can better meet customer needs there. Dirk Rehaag is managing director of Hochtief Building.

Hochtief Infrastructure is charged with strengthening country units in Europe and selected regions around the world, including South America and the Middle East. The new business unit will be run by managing director Willfried Rammler, and will offer a Technical Competence Centre, bringing together experts with special expertise and project teams.

Hochtief Engineering combines its abilities in planning, technical advising, design management and Building Information Modelling, and is led by managing director, Dr Hansgeorg Balthaus.

Finance, planning, construction and operation support will be provided by Hochtief PPP Solutions, which is run by managing director Peter Coenen.

The new companies will report to the Executive Board of Hochtief Solutions AG.