14 May 2014
Engineering and services group Bilfinger is to acquire commercial property adviser GVA.
Following the planned buyout, GVA is to be integrated into the Bilfinger Group as part of Bilfinger Real Estate. The estimated value of the deal has not yet been confirmed, but it is expected to be finalised within the next month.
Dr Jochen Keysberg, a member of the executive board at Bilfinger, said: "We want to continue to grow our facility services operations in the important British market. We are thus moving the internationalisation of our activities in the building and facility business segment forward in a targeted manner."
The announcement follows the acquisitions of Europa Support Services in December 2013, and Rollright Facilities in 2012.