Bilfinger SE

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Bilfinger SE

logo
legal form Societas Europaea
ISIN DE0005909006
founding 1880
Seat Mannheim , GermanyGermanyGermany 
management
Number of employees 34,120 (2019)
sales 4.33 billion EUR (2019)
Branch Services
Website www.bilfinger.com

Bilfinger headquarters in Mannheim (2019)

The Bilfinger is an international industrial service provider that operates in the petrochemical, chemical, pharmaceutical and oil and gas. The company offers consulting, engineering, manufacturing and assembly as well as services for maintenance and general inspections.

The company's roots lie in the construction industry. However, as a result of numerous acquisitions and sales, the company developed into a provider of services for industrial plants, power plants and real estate, and most recently focused on industrial services.

history

In 1975, the merger of several construction companies, whose historical roots go back to 1880, resulted in Bilfinger + Berger Bauaktiengesellschaft :

August Bernatz realized his first major project in Lorraine , Germany at that time . In 1883 the master builder settled in Mannheim . Grün & Bilfinger AG emerged from his company . The two other predecessor companies of Bilfinger, Julius Berger Tiefbau AG and Berlinische Boden-Gesellschaft , were founded in 1890.

The Dresdner Bank was involved as a shareholder in all three companies. In the 1960s, under the aegis of Jürgen Ponto , who later became the board's spokesman, the plan to create a large, internationally competitive construction company matured. The first step was the 1969 merger of Julius Berger AG with Bauboag, which had emerged from the Berlinische Boden-Gesellschaft. In 1970 Grün & Bilfinger AG acquired a majority stake in this new company. In 1975 the merger to form Bilfinger + Berger Bauaktiengesellschaft took place, which changed its name to Bilfinger Berger AG in 2001 as part of the strategic realignment to a service company .

On October 6, 2009, Bilfinger acquired all shares in MCE Beteiligungsverwaltungs GmbH, Linz, Austria for 350 million. Euro. The companies of the MCE Group , which achieved a profit of around EUR 45 million or 5% return on sales after EBIT in 2008 with a turnover of around EUR 900 million , are, like Bilfinger Industrial and Bilfinger Power, on the planning, construction and maintenance of plants in the process industry and the energy industry aligned. In 2008 the building construction and civil engineering divisions were spun off into the subsidiaries Bilfinger Berger Hochbau GmbH, based in Frankfurt am Main, and Bilfinger Berger Ingenieurbau GmbH, based in Wiesbaden.

On October 8, 2010, Bilfinger changed its legal form to a stock corporation under European law ( SE, Societas Europaea ). In March 2011, Bilfinger sold its Australian subsidiary Valemus Australia (formerly Bilfinger Berger Australia), thereby further reducing the share of construction activities in consolidated sales.

In July 2011, the former Hessian Prime Minister Roland Koch succeeded the previous CEO Herbert Bodner. In autumn 2012 the company name was changed to Bilfinger. In 2012, Bilfinger Berger Ingenieurbau GmbH was renamed Bilfinger Construction GmbH.

In 2013, Bilfinger sold its road construction division with 240 employees to the newly founded company Betam .

On August 4, 2014, Roland Koch announced his resignation and cited two lower profit forecasts for the current year and different views with the Supervisory Board as the reason. From August 8, the former chairman of the board, Herbert Bodner, took over his office temporarily, and from June 2015 he was followed by the Norwegian Per Utnegaard as chairman of the board.

In 2015, Bilfinger Construction GmbH and its civil engineering business were sold to the Swiss construction and construction services company Implenia for around 230 million euros.

On April 13, 2016, it was announced that Per Utnegaard was resigning from his position as Chairman of the Management Board on April 30, 2016 after less than a year.

In June 2016, Bilfinger announced the sale of the construction and real estate business Building & Facility to the Swedish financial investor EQT . The purchase price for the division was 1.2 billion euros. As a result, Bilfinger focused on the industrial services business. The sale was completed in September 2016; In October 2016, Bilfinger Building & Facility became the real estate service provider Apleona .

In February 2017, Bilfinger presented its new Bilfinger 2020 strategy, which was fine-tuned in February 2020. The company focuses on two segments, four business units and six industries:

  • Two business areas: Technologies (T) and Engineering & Maintenance (E&M).
  • Four business units: E&M Europe, E&M North America, E&M Middle East, Technologies.
  • Six industries: Chemical / Petrochemical, Energy / Utilities, Oil / Gas, Pharma / Biopharma, Metallurgy, and Cement.

On February 20, 2018, the Supervisory Board decided to claim damages from all members of the Management Board who held office between 2006 and 2015. With the approval of the Annual General Meeting, Bilfinger reached a settlement with the former Executive Board members in June 2020. The comparison with a total volume of 18.2 million euros ended the Group's claim for damages.

Business areas

With the sale of the Building, Facility Services and Real Estate divisions, Bilfinger became a pure service provider for industry. Since the presentation of the Bilfinger 2020 strategy, the services have been bundled in the two segments Technologies (T) and Engineering & Maintenance (E&M). The T-business is set up internationally and offers services in all core regions. E&M, on the other hand, is positioned regionally. The services are offered locally and provided directly to the customer. The units that do not fit into the core business were allocated to the Other Operations business area. More suitable owners are being sought for these units.

Former managers

  • Roland Koch (member of the Management Board from March 2011 and Chairman of the Management Board from July 1, 2011 to August 8, 2014)
  • Herbert Bodner (board member since 1997, chairman 1999-2011 and 2014)
  • Jürgen Hambrecht (member of the board until May 2008)

share

The company's shares are listed in the SDAX index .

Shareholder structure
proportion of Shareholders
74.3% Institutional investors
16.9% Not specified
8.9% Treasury Shares
26.8% Cevian Capital
14.4% Institutional Investors Germany
9.4% Institutional Investors United States
9.0% Institutional Investors UK
4.7% Institutional Investors Switzerland
3.9% Institutional investors Scandinavia
2.6% Institutional Investors Spain
1.2% Institutional Investors France
2.3% other institutional investors

As of December 31, 2020

Major projects

European route 18 in Norway
Niederfinow Nord boat lift
Sonnenstein Castle
  • Support in setting up a gas liquefaction plant in Norway
  • Construction phase of the Gotthard Base Tunnel
  • Turnkey construction of a district in Doha (Qatar)
  • Magdeburg waterway junction (Rothensee lock and Magdeburg canal bridge 1997–2003)
  • Planning, construction and operation of a prison in Burg (near Magdeburg)
  • Financing, planning, construction and operation of the motorway-like expansion of the southern end of European route 18 in Norway
  • Financing, planning, construction and operation of the Golden Ears Bridge toll bridge including connection in Vancouver , Canada
  • Operation of the Commerzbank-Arena in Frankfurt and the Lanxess Arena in Cologne
  • New construction of the Niederfinow Nord boat lift
  • Renovation and conversion of Sonnenstein Castle to the seat of the district administration of the Saxon Switzerland-Eastern Ore Mountains district (2009–2012)
  • Construction of the north-south light rail in downtown Cologne
  • New light rail network in Edinburgh (Scotland)
  • Large power plant Mannheim Block 9 (Germany)
  • Major construction project on the Federal Motorway 1 (a public-private partnership , together with Johann Bunte and John Laing plc). The contract with the federal government was signed in 2008. The operating company is u. a. A1 mobil GmbH founded by Bilfinger . The consortium that has been formed will be responsible for the expansion and maintenance of the six-lane expansion of the A1 motorway between Hamburg and Bremen for 30 years . The federal government paid for additional safety measures to prevent accidents in the construction site areas. In return, instead of the state, the private group of companies receives part of the revenue from the truck toll; how high this proportion is is subject to confidentiality.
  • Construction of the “Unter den Linden” underground line in the center of Berlin

Controversy

In February 2010, there was suspicion of fraud by Bilfinger employees in the construction of the north-south light rail in Cologne . It was about the allegation of falsified measurement protocols when creating the diaphragm walls on the construction pit as well as parts of the steel reinforcement in the diaphragm walls that were not installed . Bilfinger declared the allegation to be correct on February 24, 2010. In June 2020, Bilfinger reached a settlement with which all civil law claims in connection with the collapsed city archive are settled.

At the end of February 2010, there was suspicion of falsified logs during the construction of the Nuremberg – Munich high-speed line and the construction of the underground in Düsseldorf .

In 2013, due to allegations of corruption in the USA, the Justice Department ordered the company to have an external watchdog, a so-called monitor. In December 2018, the monitor certified Bilfinger's compliance system and declared the monitorship ended.

A judicial aftermath in 2017 was the dismissal of the internal chief investigator for compliance allegations, Marie-Alix von Meiningen, who u. a. Investigated corruption incidents in Oman . Six days after she left the company, the completion of a new $ 200 million contract in that country was announced. In January 2020, the parties reached an out-of-court mutual agreement on the termination of Ms. von Meiningen's employment relationship with Bilfinger.

literature

  • Bernhard Stier and Martin Krauss: Three roots - one company. 125 years of Bilfinger Berger AG . regional culture publisher, ISBN 978-3-89735-411-1 .

Web links

Commons : Bilfinger  - collection of images, videos and audio files

Individual evidence

  1. ↑ The Executive Board of Bilfinger SE (on bilfinger.com)
  2. ↑ bilfinger.com: Imprint
  3. ↑ a b bilfinger.com: Annual Report 2019
  4. ↑ a b Bilfinger focuses on industrial services - Bilfinger SE. In: www.bilfinger.com. Archived from the original on August 7, 2016 ; accessed on August 16, 2016 .
  5. ↑ DGAP-Adhoc: Bilfinger Berger AG takes over MCE Group and resolves to increase subscription rights at a ratio of 4: 1 at a subscription price of EUR 30.60. In: FinanzNachrichten.de . ( finanznachrichten.de [accessed on May 29, 2017]).
  6. ↑ Annual financial statements and management report of Bilfinger Berger AG as of December 31, 2008
  7. ↑ Bilfinger: Industrial service provider for the process industry - Bilfinger SE. Retrieved May 29, 2017 .
  8. ↑ Bilfinger Berger completes sale of Valemus Australia
  9. ↑ Bilfinger Berger SE: Roland Koch to be the new CEO of Bilfinger Berger , October 29, 2010.
  10. ↑ Shareholders decide to change the name of Bilfinger Berger: Announcement - WELT. Retrieved May 29, 2017 .
  11. ↑ Annual financial statements and management report of Bilfinger Berger AG as of December 31, 2008
  12. ↑ Wirtschaftswoche: Betam Infrastructure is insolvent , accessed on July 13, 2015
  13. ↑ Roland Koch leaves Bilfinger - a spectacular failure , FAZ, August 4, 2014.
  14. ↑ Bilfinger separates from its roots , www.faz.net, December 22, 2014
  15. ↑ A bang from Per Utnegaard: Bilfinger boss is surprising. In: Handelsblatt . April 13, 2016, accessed April 13, 2016 .
  16. ↑ The Bilfinger Building and Facility becomes Apleona . In: Der Facility Manager (online), October 5, 2016, accessed on July 4, 2017.
  17. ↑ Bilfinger Factbook 05/2020. Retrieved February 14, 2019 .
  18. ↑ a b Bilfinger 2020: Back to profitable growth - Bilfinger SE. Retrieved May 29, 2017 .
  19. ↑ Bilfinger SE is demanding compensation from Roland Koch and Herbert Bodner. Retrieved March 20, 2019 .
  20. ↑ Bilfinger agrees on a settlement with former board members. In: CHEMICAL TECHNOLOGY. June 26, 2020, accessed on July 13, 2020 (German).
  21. ↑ Bilfinger Annual Report 2016. March 15, 2017, p. 7 , accessed on May 29, 2017 (German).
  22. ↑ Roland Koch will be the new CEO of Bilfinger , company announcement of October 29, 2010, 1:50 pm
  23. ↑ FAZ.net: Bilfinger boss Roland Koch will be replaced
  24. ↑ Shareholder structure as of December 31, 2019 , accessed on July 13, 2020
  25. ↑ Bilfinger: Industrial service provider for the process industry - Bilfinger SE. Retrieved May 29, 2017 .
  26. ↑ Scrap Autobahn A1: On the trail of the botch. NDR Magazin Markt, March 22, 2010, archived from the original on March 25, 2010 ; Retrieved March 22, 2010 .
  27. ^ A b Roland Kirbach: Privatized Motorways: Germany's Most Dangerous Road . In: The time . September 8, 2013, ISSN  0044-2070 ( zeit.de [accessed May 29, 2017]).
  28. ↑ Narrow lanes lead to many accidents. NDR Magazin Markt, November 9th, 2009, archived from the original on March 2nd, 2010 ; Retrieved November 9, 2009 .
  29. ↑ Berliner Morgenpost - Berlin: Bilfinger Berger builds subway "Unter den Linden". Retrieved May 29, 2017 .
  30. ↑ Andreas Damm and Detlef Schmalenberg There has been systematic forgery , Kölner Stadt-Anzeiger from February 16, 2010, last accessed December 04, 2017.
  31. ↑ Nikolaus Hammerschmidt and Michael Gassmann: Financial Times Deutschland of March 8, 2010, last accessed on June 17, 2010; Bad construction: Bilfinger uses experts  ( page no longer available , search in web archives ), heute.de magazine of March 8, 2010, last accessed on June 17, 2010.@1@ 2Template: Toter Link / www.heute.de
  32. ↑ Further tests after construction botched. Westdeutscher Rundfunk, February 24, 2010, archived from the original on February 26, 2010 ; Retrieved February 27, 2010 .
  33. ↑ Lars Hering: The Cologne subway disaster. Westdeutscher Rundfunk, February 26, 2010, archived from the original on March 1, 2010 ; Retrieved February 27, 2010 .
  34. ↑ Collapse of the Cologne City Archives: Bilfinger reaches settlement and pays 200 million euros. Retrieved July 13, 2020 .
  35. ↑ Focus botch on ICE route Munich-Nuremberg?
  36. ↑ Wirtschaftswoche : What the monitor says will be done, May 3, 2017, loaded on June 18, 2018
  37. ↑ Interview with CEO Blades: What Bilfinger has learned in five years of US supervision. Retrieved July 13, 2020 .
  38. ↑ Handelsblatt : The processing of questionable practices at Bilfinger is turning into a crime thriller , June 17, 2018, loaded on June 18, 2018
  39. ↑ Rafael Buschmann, Jürgen Dahlkamp, ​​Günther Latsch, Jörg Schmitt: The woman who knew too much . In: Der Spiegel . No. 25 , 2018, p. 58-65 ( online ).
  40. ↑ Bilfinger and the investigator come to an agreement - Mannheimer Morgen. Retrieved July 13, 2020 .