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Concept
Strabag
Résumé
STRABAG SE is an Austrian construction company based in Spittal an der Drau, Austria, with its headquarters in Vienna. It is the largest construction company in Austria and one of the largest construction companies in Europe. The company is active in its home markets Austria and Germany and in all countries of Central, Eastern and South-East Europe, in selected markets in Western Europe, on the Arabian Peninsula, as well as in Canada, Chile, China and India. In these markets STRABAG has subsidiaries or operates on a project-basis.
The business has its origins in two businesses:
Baumeister Lerchbaumer-Isola-KG was founded by Anton Lerchbaumer (1879 - 1954) and his son-in-law, Franz Isola (1901 - 1968), in 1929. In 1954 Anton Lerchbaumer senior died. Franz Isola became the sole manager of the largest private building company in Austria. In 1968 Franz Isola died and Anton Lerchbaumer junior (1913 - 1974) became manager of the company. The company became known as ILBAU AG in 1972.
Strassenwalzenbetrieb was founded in 1895 and known as STRABAG from 1930.
Strabag was one of the main profiteers of the Nazi building projects during Second World War and before. It was a main contractor of Todt organisation and built concentration camps, the Westwall and Norway's Blood Road. The British Secret Service report concluded "[. . .] Enough large building firms offered their services to put the entire construction [of the Westwall, S.G.] on a voluntary basis. [. . .] Nor is there any basis later for assuming that firms in any large numbers became so reluctant to work for the OT as to make mass conscriptions of such concerns necessary. This willingness is due to the attractive profits obtainable from OT contracts."
These two businesses came under the common ownership of BIBAG Bauindustrie Beteiligungs Aktiengesellschaft (subsequently renamed STRABAG SE) – a company listed on the Vienna Stock Exchange – in 1998. In 1999, STRABAG acquired Strubag. In the same year, the company was delisted from the Vienna Stock exchange.
Source officielle
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