Austrian firm Strabag is expanding its operations into Australia, with the €140 million deal to buy the Georgiou Group. The final purchase agreement for the 100% takeover of the road and infrastructure specialist has been signed, following receipt of the necessary approvals.
The final purchase price, equivalent to around €140 million, will be financed through the company’s existing cash and cash equivalents. The transaction is expected to close in the first quarter of 2025.
