Bilfinger sells offshore foundations business

08.2016: Bilfinger is selling its activities related to the manufacturing and installation of offshore foundations. Buyer of the manufacturing activities is the VTC Group Munich, buyer of the installation activities is the Dutch Van Oord Group. The two parties have agreed to keep the terms of the sale confidential.

In the course of its strategic repositioning, Bilfinger had announced that it would review its portfolio. “In the course of our focus on the industrial sector, activities in the area of offshore wind energy are no longer part of our core business”, says Axel Salzmann, Chief Financial Officer of Bilfinger SE. “We are therefore selling our business activities in the manufacturing and installation of offshore foundations.