Arendt & Medernach advised STRABAG in its acquisition of the ELCO Group

Arendt & Medernach has acted as lead counsel to STRABAG Property and Facility Services, an integrated real estate and industrial service provider for all types of properties, leading in digital and technical expertise, in the acquisition of the Luxembourg-based company ELCO, which specialises in consultancy, installation, and technical services for all types of building.

16/05/2024

#DEAL #REALESTATE #IDUSTRIAL #CORPORATE #ACQUISITION #INVESTMENT

Arendt & Medernach has acted as lead counsel to STRABAG Property and Facility Services (“STRABAG PFS”), an integrated real estate and industrial service provider for all types of properties, leading in digital and technical expertise, in the acquisition of the Luxembourg-based company ELCO, which specialises in consultancy, installation, and technical services for all types of building.

With a total revenue of around EUR 59 million and a solid reputation in the country, ELCO represents an opportunity for STRABAG PFS Group to expand in the Grand Duchy. STRABAG PFS is thus further advancing its goal of strengthening the business segment as a holistic lifecycle solutions provider.

ELCO was founded in 1945 and has since developed into a leading multi-technology provider in Luxembourg. The company employs around 450 employees and serves numerous well-known customers from the public and private sectors. The existing services are to be supplemented by infrastructure services so that STRABAG PFS will also be able to offer integrated facility management services in Luxembourg in future.

The parties have agreed not to disclose the purchase price.

The Arendt team advised on all Corporate, M&A, Employment Law, Real Estate, IP/IT, and litigation aspects of the transaction.

Read the full press release from STRABAG here_

 

Arendt teams involved:

Corporate Law, Mergers & Acquisitions:

Alexander Olliges, Partner

Séverine Brasseur, Counsel

Caroline Halembert, Counsel

 

Administrative Law, Property, Construction & Environment:

Christian Point, Partner

Christophe Dieret, Counsel

 

Employment Law, Pensions & Benefits:

Philippe Schmit, Partner

Kim Meis, Senior Associate

Caroline Fort, Associate

Louis Arendt, Associate

 

IP, Communication & Technology:

Astrid Wagner, Partner

Faustine Cachera, Counsel

 

Litigation & Dispute Resolution:

Clara Mara-Marhuenda, Partner

Claas-Eike Seestädt, Senior Associate

 

Paralegal:

Thomas Fischer 

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