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Bauer AG — Regulatory Filings 2013
Jun 14, 2013
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Regulatory Filings
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Corporate | 14 June 2013 11:10
BAUER Aktiengesellschaft: BAUER Group awarded its biggest ever specialist foundation engineering contract in Germany
BAUER Aktiengesellschaft / Key word(s): Incoming Orders/Contract
14.06.2013 / 11:10
Schrobenhausen – In June, BAUER Spezialtiefbau GmbH, a BAUER Group company, acquired its biggest ever contract to date in Germany. As part of a joint venture, Bauer has been contracted to carry out the specialist foundation engineering works on the tunnels and supporting walls for the new double-tracked bypass rail link between Hanau and Nantenbach in the Spessart region. The project is worth some EUR 47 million to BAUER Spezialtiefbau GmbH.
The roughly seven kilometre long new track will reduce noise pollution for local residents. The work also includes the building of new stations and the renovation of a number of stations. The line will replace the existing route through the Schwarzkopf tunnel, which cannot be modernized for economic and technical reasons.
The works which Bauer has been assigned on the two contracted sections include the installation of 53,000 square metres of pile wall as well as eight kilometres of anchors for the four new tunnel constructions. One of the technical challenges of the project is the need to drill into hard rock in places. Several Bauer BG 28 and BG 40 rotary drilling rigs along with anchor drilling rigs will be deployed. At peak times up to 10 rigs will be operating simultaneously.
Chairman of the Management Board of BAUER AG Professor Thomas Bauer comments: ‘This is a great contract for us in our home market, and it is indeed our biggest contract in Germany to date. After having recently completed work on the large-scale Luise-Kiesselbach-Platz project in Munich, we have now once again secured a healthy utilization of our capacities in Germany for the medium term.’
BAUER Spezialtiefbau GmbH is scheduled to start work on the project at the end of the year. The work will take about four years to complete. Most of it will be carried out during 2014 and 2015.
About Bauer
Bauer is a provider of services, machinery and ancillary products in the ground and groundwater fields. The Group markets its products and services all over the world. Its global spread allows it to remain largely unaffected by fluctuating business cycles.
Its business is divided into three segments: Construction, Equipment and Resources. The Construction segment carries out specialist foundation engineering work for complex excavation pits and foundations on major infrastructure and building projects all over the world, installing cut-off walls and carrying out ground improvement works as well as providing related project development services. Bauer’s Equipment segment, a world market leader, offers a comprehensive range of construction machinery, equipment and tools for the specialist foundation engineering sector as well as for other underground drilling operations, such as for mines, water wells, geothermal energy sources, and oil and gas extraction. The Resources segment bundles the Group’s activities in the fields of water, energy, mineral resources and environmental technology.
Bauer profits greatly from the collaboration between its three separate segments, enabling the Group to position itself as an innovative, highly specialized provider of complete solutions and services for demanding projects on the specialist foundation engineering and related markets.
Founded in 1790, Bauer today generates around three quarters of its total revenues outside of Germany. Employing some 10,300 people, the Group’s total revenues in 2012 were approximately EUR 1.45 billion (previous year: EUR 1.37 billion). BAUER Aktiengesellschaft has been listed on the official market of the Frankfurt Stock Exchange since July 4, 2006 (Prime Standard, ISIN DE0005168108).
You can also visit us on YouTube: http://www.youtube.com/BAUERGruppe
Contact:
Christopher Wolf
Investor Relations
BAUER Aktiengesellschaft
BAUER-Strasse 1
86529 Schrobenhausen, Germany
Phone: +49 8252 97-1797
Fax: +49 8252 97-2900
www.bauer.de
End of Corporate News
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| Language: | English |
| Company: | BAUER Aktiengesellschaft |
| BAUER-Straße 1 | |
| 86529 Schrobenhausen | |
| Germany | |
| Phone: | +49 (0)8252 97 1218 |
| Fax: | +49 (0)8252 97 2900 |
| E-mail: | [email protected] |
| Internet: | www.bauer.de |
| ISIN: | DE0005168108 |
| WKN: | 516810 |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart |
| End of News | DGAP News-Service |
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