Bilfinger completes acquisition of Teknokon businesses in Türkiye
- Acquisition of Teknokon Endüstri Tesisleri İnşaat ve Montaj A.Ş. and Teknokon Servis ve Bakım Hizmetleri Tic. A.Ş. closed on April 1, 2026, after contracts signed in December 2025.
- Transaction includes ~1,000 employees and annual revenues in the upper double‑digit million‑euro range.
- Bilfinger will fully integrate the Teknokon team into its International segment within one year.
- Deal positions Türkiye as a regional hub to access Eastern Europe and Middle East markets.
Transaction details
Acquisition of Teknokon Endüstri Tesisleri İnşaat ve Montaj A.Ş. and Teknokon Servis ve Bakım Hizmetleri Tic. A.Ş. closed on April 1, 2026, following contracts signed in December 2025; competition authorities cleared the transaction.
Scope and capabilities
The transaction includes around 1,000 employees and annual revenues in the upper double‑digit million‑euro range; Teknokon has more than 30 years of technical experience in maintenance, turnarounds and construction for Oil & Gas, Energy and Chemicals sectors.
Integration and timeline
Bilfinger will fully integrate the Teknokon team into its International segment within one year.
Strategic intent
The deal positions Türkiye as a regional hub linking Eastern Europe and Middle East activities and strengthens Bilfinger’s service capabilities in Türkiye and access to skilled labor and adjacent market opportunities.
Source: Bilfinger