Eiffage buys 80% of Luxembourg's Baatz group in €142M construction deal
What's the deal? EiffageDealroom has a profile for this one. Try Dealroom →, via its subsidiary Eiffage Construction, has acquired an 80% stake in the BaatzDealroom has a profile for this one. Try Dealroom → group, a Luxembourg-based contractor founded in 1938. Baatz employs 470 people and reported €142 million in revenue in 2025, with its contracting entities specialising in civil engineering, earthworks, and construction.
What's the endgame? The move folds Baatz into Eiffage Construction's existing Luxembourg operations. The combined business expects to generate €200 million in annual revenue and employ more than 750 people, offering civil engineering, building, and property development under one roof.
Why now? Luxembourg is a small but high-value construction and real estate market. The deal gives Eiffage immediate local scale and tighter integration between construction and development, building on its existing presence through Eiffage Real Estate Luxembourg and Perrard SA.
Eiffage says the acquisition reflects its focus on ecological transition, with the enlarged entity emphasising a circular economy approach. Baatz's current management will stay on to ensure service continuity.
The signal: The Baatz deal fits a sustained run of targeted, bolt-on acquisitions by Eiffage across adjacent infrastructure and construction niches — from energy and telecom specialist EQOS Group to renewables firm Sun'R and SNEF Telecom. Rather than incremental expansion, the Luxembourg purchase hands the French group a leading local contractor and reinforces its ambition to rank among Europe's top construction and concessions players.
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