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Yara Acquires STRABAG’s Flue Gas Cleaning Division
Oslo (2014-06-02): Yara International ASA today announced it will acquire the flue gas cleaning
division of STRABAG SE, in a move that consolidates Yara’s position as a leading global, fullservice emissions-to-air control company.
Increasingly stringent air quality standards are driving companies to invest in emission control
technologies. With flue gas cleaning, Yara can provide an end-to-end service that includes the production
of Selective Catalytic Reduction (SCR) and Selective Non-Catalytic Reduction (SNCR) systems to reduce
Nitrogen Oxide (NOx) emissions, along with the reagents needed to operate them. The smog NOx creates
exacerbates respiratory illness and other conditions and is blamed for tens of thousands of deaths in the
world every year.
“Our acquisition of STRABAG’s flue gas cleaning division will increase our capacities in, and beyond, NOx
control systems. It will also give us access to great teams in key growth markets like Asia and Eastern
Europe, where we can help customers meet increasingly stringent environmental regulations,” said Yves
Bonte, Senior Vice-President and head of Yara’s Industrial Segment. “We continue on our path towards
being a global leader in environmental solutions.”
The STRABAG acquisition is part of Yara’s broader strategic direction to invest in products and services
that address the related issues of environment, resources and food security. It follows Yara’s January,
2014, acquisition of H+H Umwelt-und-Industrietechnik GmbH, which primarily produces SCR systems to
reduce Nitrogen Oxide (NOx) emissions on ships. In April this year, Yara also took a majority stake in
Green Tech Marine, a leading Sulphur Oxide (SOx) scrubber supplier to the marine industry.
STRABAG, a leading company in the construction services industry, is selling its flue gas cleaning division
in order to focus on its core construction services offerings while making sure that clients within the flue
gas cleaning division are in the professional hands of experts in environmental solutions.
"The sale of our Flue Gas Treatment activities to Yara confirms our way to concentrate on the core
business of construction and to expand our activities to other regions," said Thomas Birtel, CEO of
STRABAG SE. "We expect this deal will lead to a closer cooperation with Yara in the field of industrial
construction, where we will join our forces. Thus enables us to offer the best combination of technical
expertise and local competence to our clients."
The transaction is subject to approval by the Austrian competition authority and other regulatory
approvals. It is expected to be completed by the end of August 2014.
For more information:
NOx Reduction – Cleaner Air Solutions for Industry
Yara International
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Esben Tuman
VP Communications
Tel: +47 905 08 400
Email: esben.tuman@yara.com
About Yara:
Yara delivers solutions for sustainable agriculture and the environment. Our industrial products and
solutions reduce emissions, improve air quality and support safe and efficient operations. Founded in
Norway in 1905, Yara has a worldwide presence with sales to 150 countries. Safety is always our top
priority.
www.yara.com
STRABAG SE
Diana Neumüller-Klein
Corporate Communications & Investor Relations
Tel: +43-1-22422-1116
Email: diana.klein@strabag.com
About Strabag SE / Strabag Energy Technologies GmbH:
STRABAG SE is a European-based technology group for construction services, a leader in
innovation and financial strength. The services span all areas of the construction industry and
cover the entire construction value chain. More than 73,000 employees produce an annual output
volume of about € 14 billion. Strabag Energy Technology GmbH, founded in 2002 joined the
STRABAG Group in 2009.