MARKETS

Walter to gain from EZ deal

AUSTRALIAN-based Walter Construction Group says it will benefit from the acquisition by its parent company of one of Germany's largest construction companies, Ed Zublin AG.

Staff Reporter

Walter Bau-AG has acquired about 43% of Ed Zublin AG's share capital, taking its total stake to more than 90%.

Walter Construction Group chief executive officer Michael Frick said the acquisition would help strengthen Walter's position in the Australian market.

"Walter's long-term growth and development strategies in Australia will see the ongoing involvement of our parent company, Walter Bau-AG," he said. "This will also allow us to draw on the expertise of the parent in selected markets and segments here in Australia."

Walter Bau-AG and Ed Züblin AG will retain their independent market presence in core markets. Stuttgart remains a key location and will be used as the new company's technology centre.

ConstructionEquipmentNews.net

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions

editions

Mining Magazine Intelligence Exploration Report 2023 (feat. Opaxe data)

A comprehensive review of current exploration rates, trending exploration technologies, a ranking of top drill intercepts and a catalogue of 2022 Initial Resource Estimates and recent discovery successes.