BAVARIA Industries Group AG, Munich, is selling the holding BB Government Services GmbH (BBGS) to a European construction group

BAVARIA Industries Group AG, Munich, is selling the holding BB Government Services GmbH (BBGS) to a European construction group. In 2016, the holding generated sales of approximately EUR 50 million from project management and the provision of construction services for the US Army. BAVARIA will receive sales proceeds in the low eight-digit euro range. 

Mr. Bayer, Managing Director of BB Government Services GmbH: 

"Following the conclusion of the carve-out implemented by BAVARIA Industries Group AG in 2014 and our subsequent positioning as a standalone company, this sale to a strategic investor represents the logical next step in the company's ongoing development. I would like to thank BAVARIA Industries Group AG for the extremely positive and professional cooperation we have enjoyed, and I look forward to the continued expansion of the division with our new owner."

BAVARIA Industries Group AG holds seven European companies with around 3,000 employees. The Munich-based industrial holding company is majority family-owned and pursues a long-term investment strategy.

For further questions please contact:

BAVARIA Industries Group AG
Reimar Scholz
Bavariaring 24
80336 Munich
Germany

Tel.: + 49 (0)89/ 72 98 967 0 
Fax: + 49 (0)89/ 72 98 967 10
Email: info(at)baikap.de