21 January 2024

Steiner AG closes sale of its subsidiary Steiner Construction SA

A Strategic Move to Enhance Development Capabilities & Geographic reach

Zurich, January 18, 2024: Steiner AG, a leading Swiss-based real estate development firm with a strong legacy of delivering exceptional projects, is pleased to announce the completion of the sale of its construction business subsidiary, Steiner Construction SA, to Demathieu Bard, an international construction group headquartered in France.

This strategic transaction accelerates Steiner AG’s transition to a pure real estate development company, paving the way for long-term growth in this field.

According to Arjun Dhawan, Delegate of the Board & Vice Chairman of Steiner AG’s listed owner, HCC Ltd (INE HCC),
“Steiner AG’s evolution into a pure development company is a reflection of our tremendous success as a leader in Swiss real estate over the past decade. It is also a function of the opportunities we see for capital formation and future growth, both domestically and abroad, thereby maximizing shareholder value. We extend our heartfelt gratitude to everyone who has played a pivotal role in Steiner Construction’s success, especially our clients and dedicated employees.”

According to Stéphane Monceaux, Managing Director of the
Demathieu Bard Group "The acquisition of Steiner Construction SA is a major milestone in the history of the Demathieu Bard Group. We are strengthening our international presence and consolidating our position as a benchmark company in the construction sector. Demathieu Bard makes its biggest acquisition ever with the integration of Steiner Construction SA. Our priority now is to ensure its success by promoting synergies between our expertise and know-how. I would like to welcome Steiner Construction SA to the Demathieu Bard Group.”

Steiner AG will look to expand its portfolio of developments with a more ambitious growth plan, with capital being deployed into newer and wider net of opportunities, along with a broader set of strategic and financial partners.


About Demathieu Bard

An independent company founded in 1861 in Lorraine, Demathieu Bard  is one of France's leading players in the construction and property sector. The Group is recognised for its technical expertise and know-how, particularly in complex constructions and engineering structures in France and abroad. With 60 offices in France, Europe and North America, Demathieu Bard operates in the Infrastructure and Civil Engineering, Building, Prefabrication and Property markets. This broad offer, coupled with its recognised expertise, enables it to support its clients in carrying out all their projects, whatever their level of complexity. Following this acquisition, the Demathieu Bard Group will have nearly 4,000 employees and a turnover of approximately 2.1 billion euros.

For further information: www.demathieu-bard.fr

Right: Arjun Dhawan, Delegate of the Board & Vice Chairman of HCC Ltd, Left: Stéphane Monceaux, Managing Director of the Demathieu Bard Group
Right: Arjun Dhawan, Delegate of the Board & Vice Chairman of HCC Ltd, Left: Stéphane Monceaux, Managing Director of the Demathieu Bard Group
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