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Home » Bilfinger looks to US, Middle East for M&A expansion, CFO tells Boersen-Zeitung

Bilfinger looks to US, Middle East for M&A expansion, CFO tells Boersen-Zeitung

    German industrial services provider Bilfinger is considering growing through mergers and acquisitions and is looking at the Middle East and United States as potential places to do so, the company's finance chief told Boersen-Zeitung. "Our fire power is several hundreds of millions of euros," Matti Jaekel was quoted as saying. Asked whether Bilfinger, which has a market valuation of 1.6 billion euros ($1.7 billion), was a potential takeover target itself, Jaekel said that there was currently no known interest from strategic bidders.

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