Key developments

At the start of the year, Mendota Invest commissioned STRABAG as the general contractor for the northern section of the urban development protect Emonika in Ljubljana. The contract includes three residential buildings, retail areas, a hotel, an office tower and an underground car park. In October, the contract for the southern section followed, which will include Slovenia’s tallest office tower (100 m), a shopping centre, a hotel, and a four-storey underground parking garage. The contract volume attributable to STRABAG totals € 230 million. Thanks to its strategic location and innovative, sustainable design, Emonika is set to become a central business location and meeting place in the Slovenian capital.

On 19 February 2025, the Supervisory Board appointed Stefan Kratochwill as CEO of STRABAG SE. A graduate in engineering management and mechanical engineering, Kratochwill joined the company in 2003 as a trainee and most recently served as Central Division Head and Managing Director of the construction equipment subsidiary BMTI. In this role, he oversaw the Group’s fleet of construction machinery with responsibility for around 3,000 employees in 20 countries. The transition to climate-friendly machinery and vehicles is one of the key levers for achieving the Group’s goal of climate neutrality by 2040. Kratochwill played a major role in shaping the Group’s Strategy 2030 and will continue to drive it forward with a clear focus on innovation, sustainability and leadership. Dr. Hans Peter Haselsteiner, who transformed STRABAG into an international group during his tenure as CEO, was reappointed General Representative of STRABAG SE in January 2025 and will continue to serve the Management Board in an advisory capacity.

In March 2025, STRABAG completed the 100% acquisition of the Australian Georgiou Group, based in Perth. The company is recognised as an experienced infrastructure specialist that has successfully delivered numerous large-scale projects. Since February, the company has been part of the Tonkin Extension Alliance commissioned by the Department of Main Roads Western Australia to extend the Tonkin Highway and widen Thomas Road in Perth. The project, worth a total of AUD 1 billion (around € 563 million), involves extending the four-lane Tonkin Highway over 14 kilometres and widening Thomas Road over a length of 4.5 kilometres. The work is being carried out in collaboration with BMD Construction, Civcon, GHD and BG&E. Completion is scheduled for 2028.

In a first for Germany, the new Rinsdorf viaduct on the A45 motorway was slid into its final position – a technical milestone. Using 24 hydraulic presses and Teflon sliding bearings, the 485.5-metre-long, 40,000-tonne bridge segment was precisely moved over a distance of around 20 metres. With this feat, STRABAG once again demonstrated its technological leadership, showing how innovative construction methods and top-tier engineering are helping to modernise Germany’s infrastructure in a sustainable way.

STRABAG is one of Europe’s leading experts for mobility infrastructure. Its many years of experience in railway construction are reflected in major contracts won by the company in 2025 in the Czech Republic, Poland, Germany and Croatia, among other places. In the Czech Republic, STRABAG is involved in two EU co-financed projects with a total value of around € 360 million, including the upgrade of the Nezamyslice–Kojetín line into a high-speed connection as well as the modernisation of the Česká Třebová railway junction. The company has also strengthened its presence in Poland, securing a € 268 million design-and-build contract for extensive works on the Maksymilianowo railway junction, a key element in the modernisation of Poland’s strategically important rail line 201 within the TEN-T network’s Baltic–Adriatic Corridor.

The construction industry is going climate-smart. On Austria’s A2 motorway, STRABAG is using 70% recycled asphalt and energy self-sufficient construction sites. In Vienna, a test lab is trialling alternative sustainable materials such as clay, straw and sheep’s wool under real conditions. In Hamburg, a pilot project is under way with a fully electric wheel loader – a milestone for emissions-free site logistics. Meanwhile, a new value stream management site in the port of Neuss is being built to recycle up to 250,000 tonnes of mineral construction materials per year. These projects show how technological innovation, circular economy principles and sustainable materials go hand in hand. The results: more efficient processes, lower emissions, careful use of resources – and a clear step towards climate neutrality by 2040.

On 11 August 2025, the Supervisory Board with immediate effect appointed Péter Glöckler to the Management Board of STRABAG SE, where he is responsible for the segment South + East, which includes Austria, Poland, the Czech Republic, Slovakia, Hungary and Romania as well as the markets of South-East Europe. He succeeds Alfred Watzl, who had previously announced his resignation. Péter Glöckler began his career with the Group in 2003 as technical director in the Concessions business unit in Hungary. Most recently, he was responsible for the South-East Europe division, which comprises a total of twelve countries. Péter Glöckler combines a deep understanding of STRABAG’s core business with proven strategic shaping power, international expertise and a keen eye for the principle of global-local presence.

STRABAG won the contract to revitalise and repurpose the former Wieczorek coal mine in Katowice into a sustainable technology hub for e-sports and future technologies such as Artificial Intelligence (AI) and Augmented Reality (AR). The project, worth around € 135 million, is considered a flagship project in Katowice’s structural transformation from an industrial city to a place for innovation. STRABAG is also demonstrating its expertise in reconstruction, conversion and refurbishment in the city centre of nearby Dąbrowa Górnicza, where it is building a mixed-used development complex on the site of the former Desum machine tool plant.

With TETRIQX, STRABAG is launching a new residential construction product starting at € 1,950/m² (price as of 1 January 2025, excluding planning and garage). The serial construction system with a high degree of prefabrication functions like a modular system to enable high-quality, sustainable and affordable residential buildings with up to seven storeys. Industrial prefabrication shortens the construction time by up to four months compared to conventional methods, with the possibility of even cutting the total project duration in half. Integrated concrete core activation significantly reduces the energy required for heating and cooling; in combination with the use of sustainable materials, CO₂ emissions are reduced by up to 50% over the entire life cycle of the building.

STRABAG and Equitix, together with their partner GLIL Infrastructure, have been awarded the GBP 3 billion Haweswater Aqueduct Resilience Programme (HARP). The project comprises the modernisation of a 110-kilometre water pipeline system that was built between 1933 and 1955 and involves replacing six tunnel sections with a total length of around 50 kilometres. The contract covers financing, planning, construction and 25 years of maintenance, thus ensuring a future-proof, reliable water supply in the region. In line with its Strategy 2030, STRABAG is stepping up its activities in the UK and in the field of water infrastructure. The HARP project has also enabled STRABAG to further expand its portfolio of PPP, DPC and concession models.

STRABAG joined the Austrian benchmark index ATX on 22 September 2025. Decisive factors for inclusion were the significant increase in share liquidity, measured by average daily stock exchange turnover, and the increased free float. The strong share price development was driven by the 2024 annual results, which significantly exceeded expectations, along with improving conditions in the construction industry and the market outlook for Germany. As market leader with a country-wide presence, STRABAG is ideally positioned to play a key role in shaping the infrastructure modernisation offensive in Germany.

Following this stock market success, the company presented a new investment story called 4WINS. The name expresses the opportunity to invest in four attractive growth markets simultaneously with just one security – the STRABAG share: mobility infrastructure, energy and water infrastructure, high-tech buildings, and the decarbonisation of the building stock.

Georgiou, the Australian infrastructure specialist that joined the STRABAG Group in March 2025, has been awarded a design-and-build contract to upgrade Reid Highway in Perth. In the Brisbane area, the company was also chosen to deliver the Gateway to Bruce Highway Upgrade (G2BU). Both projects are intended to increase road safety and relieve personal and freight traffic in the respective metropolitan areas. Georgiou is also building a new medical facility in Claremont, a suburb of Perth, with a pharmacy, urgent care, pathology, dermatology and other specialist practices. This strengthens the company’s position in the increasingly dynamic Australian market – both in mobility infrastructure and in the healthcare sector.

In a consortium with Siemens Energy, STRABAG is building one of Europe’s largest electrolysis plants for green hydrogen on behalf of Austrian energy group OMV. With a capacity of 140 megawatts and an annual production of 23,000 tonnes of green hydrogen, the plant will make a significant contribution to the decarbonisation of industrial processes in Austria. OMV is investing a mid-three-digit million-euro amount in the project. In line with its Strategy 2030, STRABAG is strengthening its position in the energy infrastructure sector. In addition to the electrolysis plant in Austria, the company is currently implementing several major projects for the energy transition – from construction work on sections of the SuedLink and SuedOstLink power lines in Germany to the Deleni wind farm in Romania and the turnkey construction of a large heat pump for the district heating network in Gothenburg, Sweden.

IPAI Immobilienmanagement GmbH & Co. KG, represented by Schwarz Immobilien Service GmbH & Co. KG, has commissioned STRABAG, together with ROM Technik, to lead the turnkey construction of the first phase of the pioneering IPAI Campus in Heilbronn. The IPAI Campus is being developed as the first-of-its-kind innovation park for artificial intelligence in Europe – a place where research, industry and society will get together to jointly shape the digital future. Green spaces, photovoltaic systems, rainwater management and the use of resource-efficient recycled concrete are key parts of the concept. With this high-tech project, STRABAG is making an important contribution to the advancement of Europe’s AI infrastructure.

As an expert for energy and water infrastructure with comprehensive design-and-build expertise in plant construction, STRABAG is building a river-source heat pump on behalf of MVV. The installation will deliver a thermal output of up to 165 megawatts, making it, by current standards, the largest heat pump of its kind in the world. With a total investment volume of around € 200 million and supported by EU funding, the project will promote climate-friendly heat supply in the Rhine-Neckar metropolitan region. The river-source heat pump is scheduled to go into operation in 2028. In addition, STRABAG is also strengthening the local heat transition in Cologne, where it is also involved in the construction of a river-source water heat pump for RheinEnergie.

On behalf of DB InfraGO AG, STRABAG, Germany’s leading infrastructure specialist, is undertaking several construction phases of the Fehmarn Sound Crossing, which will connect the island of Fehmarn to the mainland via an underground tunnel. With a length of approximately 2.2 kilometres, the new tunnel will replace the existing Fehmarn Sound Bridge with a high-capacity connection for both road and rail. The project forms part of the cross-border Fehmarn Belt Fixed Link, a central missing link in the Scandinavian–Mediterranean Corridor, the longest core corridor of the Trans-European Transport Network. The corridor connects Scandinavia’s major metropolitan areas and ports with northern Germany and Italy, thereby strengthening European mobility and economic competitiveness.

STRABAG Oman LLC has been awarded the contract for the expansion of the centrally located 18th of November and Al Mouj Streets in Muscat – a key project for improving the transport infrastructure in the capital of Oman. The construction project involves widening the street whose name commemorates the birthday of Oman’s late Sultan Qabus bin Sa’id to three lanes, building a flyover and underpasses, and redesigning several roundabouts into signal-controlled intersections. STRABAG has been active in the Middle East since the 1970s, employs around 3,000 people in the region and most recently generated an annual output of around € 260 million. STRABAG is furthermore building its own headquarters in western Muscat to further strengthen its presence in the strategically important market of Oman.