FRIEDRICH VORWERK KG (GmbH & Co.) has completed the acquisition of 100% shares in Bohlen & Doyen Bau GmbH and Bohlen & Doyen Service- und Anlagentechnik GmbH (hereinafter together referred to as "Bohlen & Doyen").
Bohlen & Doyen is a leading supplier in the field of pipeline, cable and plant construction for gas and electricity networks. In 2019, the company generated profitable sales of over € 90 million with 490 employees. Bohlen & Doyen has outstanding expertise in horizontal drilling, which is of central importance when laying pipes for power lines.
Together with Bohlen & Doyen, VORWERK plans to significantly increase its growth. Combined, Bohlen & Doyen and VORWERK generated annualized sales of over € 200 million in 2019 with more than 1,200 employees. With this acquisition, VORWERK sees itself in an excellent position to drive forward the energy turnaround and the associated need for billions of euros in investments in the German gas and electricity networks.
(December 2019)