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.

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.

The STRABAG Group is pooling its expertise in mechanical and electrical building engineering (M&E) within STRABAG Property and Facility Services (PFS). The move serves to position STRABAG as a full-service provider for the decarbonisation of existing properties and for climate-neutral new builds – from consulting, design and construction to operation over the entire building life cycle. These services cover key areas of a building such as heating, ventilation and air conditioning (HVAC), plumbing, electrical engineering, instrumentation and control engineering, and energy management.

To strengthen its strategic position in this field and to continue to drive forward growth, STRABAG is seeking to expand the services it provides in these areas. The acquisition of the Triburuzek Group in Austria and Climtech in Germany represent important milestones along this path, while the purchase of multi-technology provider ELCO marks the Group’s successful entry into the market in Luxembourg. These acquisitions added a total of around 620 employees to the STRABAG Group. In May, STRABAG and PORR also signed a purchase agreement for parts of VAMED Group with a total purchase price of € 90 million. The main focus of the transaction is on the technical facility management of Vienna General Hospital (AKH Wien). The agreement could not be finalised by the contractually agreed date. In March 2025, the STRABAG-PORR consortium therefore entered into supplementary negotiations with the seller in relation to the purchase agreement.

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.

In September 2024, STRABAG and TU Wien, Austria’s largest research and educational institution for technology and natural sciences, signed a new five-year partnership agreement. The aim of the science–industry innovation ecosystem is to develop innovative solutions in joint, interdisciplinary R&D projects in support of a sustainable and digital future in construction. The project is also dedicated to the systematic promotion of talent and early-career professionals.

At its Innovation Day in Cologne, under the banner of “Progress Becomes Reality”, STRABAG presented 50 of its roughly 250 innovation projects – from construction site training using virtual reality (VR) to MOLENO® WOHNEN, a modular construction system for sustainable and efficient residential construction that combines generative design with serial construction processes, to the use of low-emission powertrains and fuel cells in wheel loaders. The winners of the adASTRA intrapreneurship programme were also honoured.

STRABAG’s TPA competence centre and its partners successfully tested several novel automation techniques in Austria. The EU-wide InfraROB project involved an autonomous paver system laying down asphalt while smart robots cordoned off and marked the area, with sensors placed in the asphalt to measure road loads for maintenance purposes. The innovative solutions are designed to improve the safety, efficiency and cost-effectiveness of road construction and maintenance in the long term.

STRABAG and Liebherr also tested a hydrogen-powered wheel loader in the presence of the then Austrian Minister for Climate Action, Leonore Gewessler. The pilot project is expected to reduce carbon emissions by up to 100 tonnes annually. Other projects include the replacement of diesel-powered mobile machines with electric conveyor belts that generate their own electricity through the weight of the transported stones as well as the use of self-driving, battery-operated electric tippers.

STRABAG had maintained a solid S&P rating of BBB since 2015. Now this rating has been raised one notch to BBB+ with a stable outlook. The new rating places STRABAG among the top tier of Europe’s construction companies. S&P based its decision on the company’s sustained strong performance, high order backlog, strong market positions in its core markets, diversified and vertically integrated business model, and consistent risk management. Given this robust foundation, STRABAG continues to expect to maintain a solid net cash position.

STRABAG, through its subsidiary Züblin Construction LLC, has been chosen to build the Sea La Vie residential project on Yas Island on behalf of client Nine Yards Real Estate Development. The project, with an investment volume of more than € 250 million, includes four residential towers with 16 to 18 floors, 30 townhouses and a three-storey underground car park with over 1,000 parking spaces. The project stands out for its modern design and innovative architecture, complemented by a spacious lagoon, suitable for swimming, as a central element of the complex. Completion is scheduled for the second quarter of 2027.

STRABAG has signed up to the Science Based Targets initiative (SBTi). The global initiative is a collaboration of several NGOs that has been joined by more than 1,000 companies to set science-based climate targets. By joining the initiative, STRABAG commits to reducing its CO₂e emissions to limit global warming to 1.5 °C in line with the goal of the Paris Agreement. STRABAG has 24 months to submit for validation a near-term target that must be realised by 2030.

In line with its Strategy 2030, STRABAG is continuing its expansion plans in the English-speaking world with the acquisition of 100% of Australian-based Georgiou Group Pty Ltd. The company, a specialist in road and infrastructure construction with 875 employees, generates an annual revenue of around A$ 1.3 billion, the equivalent of € 787 million. This makes the Georgiou Group an excellent fit for the STRABAG Group. Georgiou’s experienced management team, with extensive expertise and in-depth market knowledge in Australia, will remain with the company after the acquisition. The move serves to further diversify STRABAG’s geographic portfolio and will nearly double its non-European business. The final purchase agreement was signed on 30 December 2024. Approval from Australia’s Foreign Investment Review Board (FIRB) followed on 18 December 2024. The closing of the transaction took place on 21 March 2025.

With the planned acquisition of WTE Group, a leading provider of municipal and industrial water management services, STRABAG is set to become a full-service provider for water infrastructure. The WTE Group plans, finances, builds and operates projects in the fields of wastewater management, water supply, sewage sludge treatment, and energy recovery in Europe and the Middle East. The WTE business to be acquired by STRABAG is expected to generate an annual output of around € 300 million.

Population growth and climate change require well-functioning water supply and wastewater disposal solutions. These challenges can be met by combining WTE’s innovative solutions with STRABAG’s construction and project expertise along with its existing water technology business. In line with its Strategy 2030, the acquisition will further increase the depth of value creation across the Group in the energy and water sectors. At the time this report was being prepared, the negotiations over the acquisition had not yet been concluded, and the acquisition schedule was revised. The transaction is pending a final agreement with the current owner, EVN, along with official approval or consent from relevant third parties.

STRABAG AG has been awarded another major contract in the three-digit-million-euro range to build a 34.5 km section of the SuedLink power transmission line from Gerstungen to Breitungen in Thuringia. This brings the total value of contracts acquired by STRABAG AG for SuedLink and SuedOstLink in 2024 to over € 1.1 billion. The two electricity corridors represent key infrastructure projects for the energy transition in Germany and will transport wind power from north and east of the country to the south.

STRABAG is realising a total of around 205 km for SuedLink and about 120 km for SuedOstLink. The works include extensive cut-and-cover and earthworks as well as the use of trenchless techniques to cross obstacles. The projects support Germany’s transition to renewable energies and underscore STRABAG’s commitment, in line with its Strategy 2030, to increase its activities in the energy sector and to make an active contribution to the energy transition.