Eiffage strengthens its position in Switzerland with acquisition of Priora AG
Eiffage, through its subsidiary Eiffage Construction, has acquired Priora AG, a leading construction company in German-speaking Switzerland.
Priora AG, which was founded in 1992, generates annual revenue of some 400 million Swiss Francs (about 340 million euros). Its activity covers new construction and renovation in the residential market (60%), the tertiary sector (30%) and public infrastructure (10%). Priora AG is also developing its business in property development on behalf of property owners.
This transaction will enable Priora AG to continue its growth.
This acquisition, negotiated one-on-one, is in line with Eiffage’s European development strategy and strengthens the Group’s position in Switzerland, following its acquisition in 2016 of the Yerly group, specialising in thermal engineering.