STRABAG Property and Facility Services (STRABAG PFS) has acquired the ELCO group of companies, consisting of ELCO S.A, ELCO-SERVITEC S.A. and EFG S.A., based in Kehlen/Luxembourg.
“The ELCO group of companies is a powerful and solid company that enables us to enter the Luxembourg market. With an impressive history and a wide range of products and services, ELCO is firmly established on the market. With their outstanding technical expertise and their strong presence, ELCO perfectly complements our strategy to further expand the range of services in this area,” said Stefan Babsch, Managing Director of STRABAG PFS Austria, commenting on the acquisition and adding: “We welcome the employees of ELCO into our corporate group welcome. With their proven and broad technical expertise, we can offer our customers an even broader range of services and raise our claim as a lifecycle solutions provider to a new level. We are very pleased that the proven management team of the ELCO Group will remain unchanged and become part of the STRABAG PFS team.”
ELCO was founded in 1945 and has since developed into a leading multi-technical provider in Luxembourg. The company employs around 450 people and supports numerous well-known customers from the public and private sectors. The service portfolio includes all technical trades in the area of technical building equipment (TGA), from planning to the installation of heating, cooling, air conditioning, ventilation and sanitary systems right through to fire alarm technology. In addition, ELCO offers a wide range of services in the area of medium voltage and renewable energies, such as the construction of photovoltaic systems and charging stations as well as comprehensive industrial services and telecommunications network services. The existing services are to be supplemented by infrastructural services so that STRABAG PFS can also offer integrated facility management services in Luxembourg in the future.
In the last financial year, ELCO generated a total output of around €59m. The closing has already taken place. It was agreed not to disclose the purchase price.
Image provided by STRABAG PFS.
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