Lübeck, 28 May 2019 – The Special Purpose Construction division of the Lübeck-based Possehl Group continues its successful growth course of recent years. The division’s lead company Possehl Spezialbau GmbH, headquartered in Sprendlingen, has acquired all of the shares in the companies VSI Sanierungs- und Baugesellschaft mbH and INNOBIT GmbH.
The Kaiserslautern-based company Sanierungs- und Baugesellschaft, which operates subsidiaries in Saxony and Bavaria, is a highly proficient partner in the field of rehabilitation and maintenance of road surfaces. With its state-of-the-art machinery, the company is the second-largest supplier of thin-layer bituminous surfaces in Germany, specialising in cold asphalt techniques (DSK). The main benefit of thin-layer asphalt is that it provides fast surfacing and thus ensures that the inconvenience incurred by limited availability of traffic areas is cut to a minimum. In comparison to conventional remediation methods, the amount of raw materials required is considerably smaller, and, as a result of omitting the energy-intensive production of bituminous mixtures, thin-layer asphalt also reduces the carbon footprint. INNOBIT GmbH sets new product standards by developing and manufacturing innovative bituminous emulsions and road construction materials.
Together with its 15 operating subsidiaries, Possehl Spezialbau is active Europe-wide in the fields of road surfacing and other surfaces, construction and civil engineering, building restoration, and construction chemicals. “Due to the highly complementary nature of the businesses both in terms of regional and product-related aspects, the acquisition of VSI and INNOBIT is a classic win-win situation for all parties involved. This acquisition has proved yet again that Possehl is an attractive investor and successor company, in particular for German SME enterprises“, says Mario Schreiber, Member of Possehl’s Executive Boad, whose responsibilities include the business activities of the Group’s Special Purpose Construction division.
The operational responsibility for the companies remains in the capable hands of the previous Managing Directors Michael Bissinger (VSI) and Pascal Döhr (INNOBIT). “Giving due consideration to our long-term business concept, we have negotiated exclusively with Possehl Spezialbau. Moreover, we can imagine cooperating with no other than a highly reliable partner such as the one we have found in Possehl”, outlines Michael Bissinger.
The construction business constitutes one of Possehl Group’s nine operative divisions. Acquiring German SME companies, such as the most recent acquisition of the Frankfurt-based enterprise Jöst Bauunternehmen, contributed to the fact that the Special Purpose Construction division has grown continuously over the past years. In 2018, the division achieved annual sales of some 370 million euros and employed more than 1,600 people.
The Possehl Group, operating worldwide under the leadership of Management-Holding L. Possehl & Co. mbH, is a diversified corporate group currently comprising nine decentrally organised divisions that are economically independent of each other. In addition to L. Possehl & Co. mbH, the Possehl Group comprises 200 subsidiaries in more than 30 different countries. In the financial year 2018, the Group generated revenues of some 3.8 billion euros. Possehl currently employs around 13,300 people worldwide.
The company was founded in 1847 by Ludwig Possehl as a local hardware store in Lübeck. Since 1919, the non-profit Possehl Foundation has been the sole shareholder. This corporate structure enables the Possehl Group to operate independently and provides the basis for long-term entrepreneurial decisions.
For further information about Possehl please visit http://www.possehl.de.
Head of Corporate Communications
L. Possehl & Co. mbH
Phone: +49(0)451 148-223