STRABAG SE Moves Closer to Van Elle Acquisition as Shareholders Approve Scheme of Arrangement

STRABAG SE Moves Closer to Van Elle Acquisition as Shareholders Approve Scheme of Arrangement

(IN BRIEF) STRABAG SE has announced that Van Elle shareholders have approved STRABAG UK’s takeover offer, with 99.96% by value of the votes cast at the Court Meeting supporting the proposed Scheme of Arrangement. The approval represents a key milestone in STRABAG’s plans to expand and strengthen its position in the UK market. The transaction remains subject to the remaining customary conditions outlined in the Scheme Document, as well as sanction by the Court at the Scheme Court Hearing scheduled for 11 June 2026. If these conditions are satisfied, completion of the transaction is expected on 15 June 2026.

(PRESS RELEASE) NOTTINGHAMSHIRE/VIENNA, 29-May-2026 — /EuropaWire/ — STRABAG SE has taken another step forward in its UK expansion strategy after shareholders of Van Elle approved STRABAG UK’s takeover offer with overwhelming support. At the Court Meeting, Van Elle shareholders representing 99.96% by value of the votes cast voted in favour of the proposed Scheme of Arrangement, giving the transaction the required shareholder approvals.

The approval follows STRABAG SE’s previously announced offer for Van Elle and marks an important milestone in the company’s plans to strengthen its position in the UK market. Van Elle is expected to become part of STRABAG’s wider UK growth platform, supporting the group’s ambitions to expand its presence and capabilities in the country.

STRABAG SE received the results of the shareholder votes from both the Court Meeting and the General Meeting of Van Elle, confirming that the necessary majorities had approved the Scheme. The transaction is not yet fully completed, as it remains subject to the satisfaction of the remaining customary conditions set out in the Scheme Document.

The next key step will be the Scheme Court Hearing, which is scheduled for 11 June 2026. The transaction also requires the Court’s sanction before it can proceed to completion. Subject to these remaining approvals and conditions being met, completion of the takeover is expected on 15 June 2026.

The shareholder vote represents a significant development for STRABAG’s UK plans, reinforcing the company’s stated intention to further build its market position and strengthen its operations in the region.

STRABAG SE is a European-based technology group for construction services, a leader in innovation and financial strength. Our activities span all areas of the construction industry and cover the entire construction value chain. We create added value for our clients by taking an end-to-end view of construction over the entire life cycle – from planning and design to construction, operation and facility management to redevelopment or demolition. In all of our work, we accept responsibility for people and the environment: We are shaping the future of construction and are making significant investments in our portfolio of more than 250 innovation and 400 sustainability projects. Through the hard work and dedication of our approximately 89,000 employees, we generate an annual output volume of around € 20 billion.

Our dense network of subsidiaries in various European countries and on other continents extends our area of operation far beyond the borders of Austria and Germany. Working together with strong partners, we are pursuing a clear goal: to design, build and operate construction projects in a way that protects the climate and conserves resources.

More information is available at www.strabag.com.

Media Contacts:

Marianne Jakl
Head of Corporate Communications
Group Spokeswoman
Tel. +43 1 22422-1174
pr@strabag.com

Marco Reiter
Head of Investor Relations
Tel. +43 1 22422-1089
marco.reiter@strabag.com

SOURCE: STRABAG SE