LOSCHELDER Advises STRABAG AG on Acquisition of Bockholdt GmbH & Co. KG
Founded in 1959, the family-owned company Bockholdt specialises in cleaning buildings, industrial facilities and clinics. The company is based in Lübeck and employs around 3,600 people at 13 locations. Bockholdt's services include – in addition to maintenance cleaning – innovative services in the field of industrial cleaning, robot-assisted cleaning of ventilation systems and the environmentally friendly cleaning of solar and wind power plants. In 2021, the company achieved revenues of approximately 80 million euros.
STRABAG AG is a 100 % subsidiary of the listed company STRABAG SE. STRABAG SE is a European technology group for construction services, leading in innovation and capital strength, encompassing all areas of the construction industry and covering the entire construction value chain. With around 74,000 employees, it generates an annual output volume of around 16 billion euros. Through the acquisition of the northern German cleaning services provider Bockholdt GmbH & Co. KG, the STRABAG Property and Facility Services Group (STRABAG PFS) is growing in the segment of infrastructural facility management services, thereby strengthening its own service volume and presence in northern Germany.
The acquisition is expected to be completed during the first quarter of 2023 and is subject to regulatory approvals.
The parties have agreed not to disclose the purchase price.
STRABAG AG was advised by: Dr Sebastian Kalb (Corporate/M&A, Lead), Dr Nils Derksen (Corporate), Dr Martin Brock, Dr Stefan Freh (both EPB), Dr Marcel Kleemann (Financials), Dr Hans-Georg Schreier (Commercial Contracts), Dr. Nikolai Wolff, Janos Mahlo (both Real Estate), Dr Kristina Schreiber (Data Protection and Subsidies Law), Dr Simon Kohm (Antitrust Law), Dr Cedric Meyer (Environmental Law), Dr. Patrick Pommerening (IP) as well as the Associates Dr Tim Leverentz, Dr André Michels, Verena Hellmund, LL.B., (all Corporate/M&A) and Fabian Lünsmann, LL.M. (Real Estate).