The Austrian construction firm HABAU GROUP has succeeded in bringing new expertise on board through its acquisition of the German Schick Group, comprising the construction companies Anton Schick, Burger Bau and Schick Industriebau. The move also further reinforces the firm’s position on the German market.
When the managing directors of the two companies signed the share purchase agreement on 1 December 2022, 100 percent of the shares of the German specialist for construction and precast concrete elements were transferred to the Upper Austrian HABAU Hoch- und Tiefbaugesellschaft m.b.H., subject to the relevant antitrust authorisations. The around 500 employees of the Schick Group, with an annual construction output of 150 million euros, have now joined the HABAU GROUP.
Schick Group: 115 years of experience in construction
Together, the five companies of the Schick Group can boast 115 years of experience in the construction industry, demonstrating the highest level of expertise and state-of-the-art equipment in structural and civil engineering, industrial construction, prefabricated concrete construction and agricultural construction.
With a total of around 500 experienced employees and locations in Bad Kissingen, Hanau, Munich and Meiningen, the Schick Group is known for its satisfied customers, unquestioning adherence to deadlines, optimal customer service and construction expertise.
The joys of ambitious additions to the family
“With this regional milestone in our acquisition strategy for Germany, a construction group spanning generations has now become a ‘part of the family. This move impressively asserts our position in Germany,” says HABAU GROUP CEO Hubert Wetschnig.
And so the “Construction Family” of the HABAU GROUP – with a workforce of around 6,000 and an annual construction volume of 1.77 billion euros – continues to grow.
“More than 500 highly qualified and motivated employees will continue to provide exceptional services within the family-run HABAU group. In the end, we were won over by the acquisition philosophy of the buyer, who values and retains the autonomy of acquired companies,” says the sole shareholder and seller, Anton Schick.