Important events

The international non-profit organisation CDP awarded STRABAG SE its first “B” score for its sustainability initiatives in the category of Climate Change. A score of “B” corresponds to Management level on CDP’s rating scale. The cross-sector assessment underscores the improvement in the company’s sustainability performance in the category of Environment. STRABAG has set itself the ambitious goal in the energy- and resource-intensive construction industry of becoming climate neutral along the entire value chain by 2040. Sustainability is firmly anchored in the corporate strategy until 2030.

The Canadian subsidiary of STRABAG was commissioned to design and build the eastern underground segment of the Eglinton Crosstown West Extension in Toronto, which will add 9.2 kilometres and seven new stations to the Light Rail Transit (LRT) line. The project will create a continuous rapid transit line that will run from Toronto’s east end, through the heart of the city, and west to the neighbouring community of Mississauga. The approximately € 175 million contract is being executed under a design-build-finance model.

STRABAG subsidiary ZÜBLIN was awarded a contract worth around € 450 million by the Waterway Construction Office Aschaffenburg to replace a lock at Kriegenbrunn in the German state of Bavaria. The new shipping lock will be built during ongoing operations in the immediate vicinity of the old lock. In addition to the extensive ground and civil engineering services, the overall contract also includes the steel hydraulics works and the operating technology. Work by the consortium, consisting of Ed. Züblin AG, Züblin Spezialtiefbau GmbH and Bauer Spezialtiefbau GmbH, is scheduled to last until spring 2032.

The bidding consortium of STRABAG and EQUANS Gebäudetechnik GmbH was awarded the contract for the refurbishment of the central office of the Austrian Pension Fund (PV) and the Centre for Outpatient Rehabilitation (PV ZAR) in Vienna. The client decided not to demolish the old building and construct a new one, but to build on the existing structures as much as possible. Following the complete gutting of the building, the full spectrum of M&E services will be brought up to date. This includes utilities lines, the power supply as well as the heating and cooling systems. A particular challenge will be the new envelope of the building consisting of an aluminium-glass façade being realised by STRABAG subsidiary Metallica.

European transmission system operator TenneT commissioned STRABAG to carry out civil engineering works in two sections of the German energy infrastructure project SuedOstLink. The SuedOstLink grid expansion project, which is being subsidised by the EU, is currently one of the largest energy infrastructure projects in all of Europe. The project aims to efficiently transmit renewable energy from wind power generated in northern and eastern Germany to the south of the country via a high-voltage DC transmission line. The STRABAG contract involves two sections in the state of Bavaria.

With the acquisition of Naporo Klima Dämmstoff GmbH from Synthesa Group, STRABAG is expanding its product portfolio to include insulation boards made of sustainable materials such as hemp, flax and PET fibres. Together with Naporo, STRABAG aims to exploit the potential that is currently developing in the field of sustainable building materials while taking another important step towards becoming climate neutral in 2040.

In line with its Strategy 2030, STRABAG further expanded its expertise in the field of mechanical and electrical engineering services (M&E) in the first half of 2024. In February, the Group acquired Vienna-based Triburuzek Group with around 50 employees. In Austria, STRABAG is now active in the business areas of heating, air conditioning, ventilation, sanitation, electrical engineering, instrumentation and control engineering, telecommunications engineering, and safety and security systems.

With the acquisition of Berlin-based Climtech GmbH earlier this year, STRABAG also increased its installation expertise in mechanical and electrical services on the German market. Climtech is an M&E enterprise specialising in heating, ventilation, sanitation, air conditioning and refrigeration as well as instrumentation and control engineering and employs around 120 people.

In April, STRABAG acquired ELCO Group, a Luxembourg-based multi-technology provider with around 450 employees. ELCO’s service portfolio covers the technical trades from planning to the installation of heating, cooling, air conditioning, ventilation and sanitary systems through to fire alarm technology.

In early May, STRABAG and PORR signed a purchase agreement for parts of the VAMED Group with a total purchase price of € 90 million. The main focus of the agreement is on the technical operations management of Vienna General Hospital (AKH Wien). The transaction remains subject to approval by the relevant competition authorities.

Through its Slovakian subsidiary, STRABAG is acting as general contractor for the reconstruction and extension of the F.D. Roosevelt University Hospital in Banská Bystrica, Slovakia. The EU-funded project is one of the most significant investments in Slovakia’s healthcare infrastructure in recent decades. The works, with a contract value of around € 297 million, comprise the demolition of aging buildings and the subsequent restructuring of the site with modern new buildings as well as outdoor facilities and green spaces. The project leaders are aiming for BREEAM certification for the building complex. Overall completion is expected in late 2029.

STRABAG is leading the consortium building the new headquarters of Česká spořitelna, the largest commercial bank in the Czech Republic. The contract includes the construction of four buildings with a total usable area of 75,000 m² as well as a passageway with shops, cafés and a multifunctional auditorium. Upon completion, the four buildings are to receive the highest certification in BREEAM Outstanding and WELL Platinum. The project also meets the EU Taxonomy requirements. The operation of the building complex will be energy-neutral thanks to heat pumps and photovoltaics. The use of concrete with a reduced carbon footprint during construction represents a savings of at least 25% in CO₂ emissions compared to standard concrete.