STRABAG PFS completed the acquisition of ELCO Group.

STRABAG PFS, a property and facility management services provider, completed the acquisition of ELCO Group, a specialisation in consultancy, installation, and technical services for all types of building. Financial terms were not disclosed. "The ELCO Group is a strong and solid company that will enable us to enter the Luxembourg market. With an impressive history and a wide range of products and services, ELCO is firmly established on the market. With its outstanding technical expertise and strong presence, ELCO perfectly complements our strategy of further expanding our range of services in this area. We warmly welcome the employees of ELCO to our group of companies. With their proven and broad-based technical expertise, we can offer our customers an even broader range of services and raise our standards as a lifecycle solutions provider to a new level. We are very pleased that the proven ELCO group’s management team will remain unchanged and become part of the STRABAG PFS team," Stefan Babsch, STRABAG PFS Austria Managing Director.