Van Elle, a flσor execưtive contractor, has been acquired bყ Strabag for α sum of £58. 8 million.
After the majority of its shareholders approved the acquisition, Austrian-owned infrastructure specialist Strabag UK announced on Monday ( 15 June ) that it had made the acquisition of Van Elle.
The offer will increase Strabag’s English turnover by more than £300 million.
According to Strabag UK managing director Simon Wild, the acquisition will allow Strabag to” combine ] the company’s ] extensive resources and expertise with Van Elle’s extensive knowledge and wealth of experience in ground engineering and geotechnical specialism. “
He continued,” This acquisition is a part of our UK rise method. “
Van Elle was valued at 52. 33p per share when Strabag second announced the acquisition strategy in April.
Strabag claimed in a statement that it had identified” comparable client relationships and end areas” with Van Elle, especially in the water, electricity, and developing areas.
The company added that” [they will lead to ] attractive opportunities to combine Strabag’s existing ground engineering capabilities with [their ] civil engineering capabilities. “
Following reporting a pre-tax income of £8. 1 million on a turnover of £189. 2 million in the year to December 2025, the deal will increase Strabag’s attrition in the UK to close to £320 million.
Van Elle, in contrast, generated a £126. 9 million earnings and a £4. 9 million pre-tax profit for the quarter ended April 2025.
The best 60 of the government’s largest companies may be Strabag UK as a result of the deal.
Additionally, the acquisition may increase Strabag’s workforce in the UK by almost half, to almost 2, 000.
According to Van Elle, the offer has been approved by the judges under area 899 of the Organizations Act, according to a statement released last year.
To meet discuss possibilities held by the company’s employees, more than four million common shares worth 2p each will be issued in Van Elle.
Prior to the Strabag offer, Van Elle seat Frank Nelson claimed that the company had” a supportive business consultant owner” and that the offer provided money certainty to shareholders during a challenging market cycle.
