The DEMATHIEU BARD Group announced that it was to acquire Steiner Construction SA from Steiner AG.

The DEMATHIEU BARD Group, a major player in the construction and real estate industry, announced today that it was to acquire Steiner Construction SA from Steiner AG, the Swiss real estate developer.

This acquisition represents a significant strategic milestone in DEMATHIEU BARD’s international expansion. Indeed, it enables DEMATHIEU BARD to expand its services and expertise in Switzerland, a country where the Group did not previously operate, by capitalizing on the renowned excellence of Steiner Construction SA in the construction market and its 100-year history in the country.

The acquisition increases the DEMATHIEU BARD Group’s total revenue to around €2.1 billion, boosts the share of operations conducted outside France to 33% and expands the total workforce to over 4,000 people across six countries.

It bolsters the DEMATHIEU BARD Group’s positioning outside France, as standards and building practices in the Swiss construction market integrate sustainable construction principles, a key focus for DEMATHIEU BARD. This will create value generating synergies for all concerned.

Stéphane Monceaux, Managing Director of the DEMATHIEU BARD Group said, “the acquisition of Steiner Construction SA marks a major milestone in history of the DEMATHIEU BARD Group. We are bolstering our presence outside France as well as our positioning as a company that sets the benchmark in construction. The integration of Steiner Construction SA represents DEMATHIEU BARD’s largest ever acquisition. Our priority is to now guarantee success by fostering synergies between our expertise and know-how. I would like to welcome Steiner Construction SA within the DEMATHIEU BARD Group.”

According to Arjun Dhawan, Delegate of the Board & Vice Chairman of Steiner AG’s listed owner, HCC Ltd (INE HCC), “Steiner AG’s evolution into a pure development company is a reflection of our tremendous success as a leader in Swiss real estate over the past decade. It is also a function of the opportunities we see for capital formation and future growth, both domestically and abroad, thereby maximizing shareholder value. We extend our heartfelt gratitude to everyone who has played a pivotal role in Steiner Construction’s success, especially our clients and dedicated employees.”

Pascal Langeron, Managing Director of Steiner Construction SA said, “I am delighted to have found a trusted partner in DEMATHIEU BARD; we share the same vision and values. This buyout represents a fantastic growth opportunity for Steiner Construction SA and must enable the company to bolster its position as a benchmark name in the region. By enriching our expertise, we will be able to respond to the expectations of the market, our clients and our employees. I would also like to thank the Board of Directors, the management team, and everyone at Steiner AG who has helped us get to where we are today and we would be delighted to work with them again in the future.”

This acquisition boasts a number of advantages and growth drivers for all stakeholders:

Additional expertise: the combined expertise, experience and resources of Steiner Construction SA and DEMATHIEU BARD will generate new synergies, making it possible to carry out sustainable and innovative projects while also enriching the range of services offered.

Synergies to boost performance: the DEMATHIEU BARD Group will leverage its expertise to benefit Steiner Construction SA so as the make the company more competitive and stimulate growth. Furthermore, the DEMATHIEU BARD Group will harness the deep local roots and experience accumulated within Steiner Construction SA in the market specializing in operations conducted as a total contractor in Switzerland to take advantage of new opportunities in the country. The solidity of the DEMATHIEU BARD Group and the humanist values shared by both companies are additional strengths that will boost the growth of the new structure.

Local roots to focus on local needs: the two companies both boast strong local roots where they flourish working hand in hand with regions to meet their needs.

• Steiner Construction SA, subsidiary of Steiner AG, is a major player in the Swiss construction industry
• The largest acquisition the Group has made to date, bringing in a company that employs 170 people and generates around €300 million in annual revenue
• Two successful companies with a bright future and deep regional roots