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Leading German engineering and services company Bilfinger Berger on Monday said it plans to invest more than 100 million euros in India in the next couple of years.
The recent acquisition of the Surat-based Neo Structo Construction Ltd and Spetech Plant Equipments Private Ltd represents an initial milestone in the German company’s objective of strengthening its commitment in Asia. Bilfinger Berger has a financial scope of more than €1 billion for investment in the next two years globally in the expansion of the services business.
Growth markets in the Asia-Pacific and the Gulf region are a key focus in this strategy, Mr Robert Koch, Chairman of the Executive Board of Bilfinger Berger SE, said in a statement on Monday.
Earlier this year, Bilfinger Berger had acquired engineering firm Tebodin, operating in Chennai since 2007.
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