Raiffeisenbank and management to acquire equipment technology rental business from Bilfinger.

Raiffeisen Banking Group Upper Austria (51%), together with the operative management (49%), take over the shares in the Group as part of a carve-out in Austria and Germany, Bilfinger Geräteetechnik group, equipment technology rental business, is headquartered in Wels. Financial terms were not disclosed. The listed German group Bilfinger SE intends to increasingly focus on its core business areas as an industrial service provider in the future and is therefore selling its equipment technology division. "INVEST AG has been involved in carve-out projects on several occasions over the past few years, and we have already had very good experiences with our involvement in strong companies from which large corporations want to solve for strategic reasons, " says Heinrich Schaller, CEO of Raiffeisenlandesbank Oberösterreich