Press release -
Prinzing Group acquires Züblin Gebäudetechnik GmbH
The Prinzing Group, with registered office in Salach, Baden-Württemberg, has acquired Züblin Gebäudetechnik GmbH, with registered office in Erlangen, Bavaria, effective retroactively to 1 January 2017. The company had previously been a 100 % subsidiary of Ed. Züblin AG of Stuttgart. Effective immediately, Züblin Gebäudetechnik GmbH will do business as Prinzing Gebäudetechnik GmbH. Except for the new name and the move to the Prinzing Group, nothing will change for employees, clients and suppliers.
“We can look back on a long, cooperative and successful working relationship with the Prinzing Group. After the sale, it is business as usual. All the business units will be continued, and the seat of the company will remain in Erlangen,” says Johannes Ellrich. Ellrich has been managing director of Züblin Gebäudetechnik since the founding of the company in 2004 and he will also manage the business of Prinzing Gebäudetechnik GmbH in this function.
“We look forward to getting to know the new colleagues and are sure that we can offer them a stable future,” says Volker Prinzing, owner of the Prinzing Group. “The clients can also count on continuity. We will continue to reliably deliver the full range of building services.”
Prinzing Gebäudetechnik GmbH (formerly Züblin Gebäudetechnik GmbH) has about 120 employees and is one of the largest companies in the sector in northern Bavaria. The core competencies lie in the fields of heating and refrigeration engineering, ventilation and air-conditioning systems, sanitary engineering, instrumentation and control engineering, and utilities supply.
Stuttgart-based Ed. Züblin AG has about 14,000 employees and, with an annual output of over € 3 billion, is one of Germany’s leading construction companies. Since it was founded in 1898, ZÜBLIN has been successfully realising challenging construction projects in Germany and abroad and is the number one in the German building construction and civil engineering segment. The company’s range of services comprises all construction-related tasks – from civil engineering, bridge building and tunnelling to complex turnkey construction to construction logistics, structural timber engineering and public-private partnerships. ZÜBLIN attaches great importance to partnership-based cooperation, and our ZÜBLIN teamconcept has proved its value as a successful partnering model for about 20 years now. Current construction projects of the company, a subsidiary of globally operating STRABAG SE, include the new Axel Springer building in Berlin, Messehalle 12 in Frankfurt and the Albabstieg Tunnel along the new Wendlingen–Ulm railway line. More information is available at www.zueblin.de
The Prinzing Group realised revenue of about € 100 million last year and currently employs more than 400 people at three locations in Eislingen/Salach, Frankfurt and Aalen. Founded in 1990, Prinzing today operates nationwide in Germany. The company offers the complete range of electrical and mechanical building services for industrial, hospital and administration buildings. The training and further education of its employees is very important for Prinzing and with the new buildings in Eislingen and Frankfurt, the company is currently pursuing the objective of providing the needed space for a constantly growing team. Recent projects include Marienturm in Frankfurt, Experimenta in Heilbronn and Pressehaus in Berlin. More information is available at www.prinzing-elektro.de.