Hamburg, Germany, March 31, 2023. The Hamburg-based LV Baumanagement AG will become part of the construction and real estate consulting firm Drees & Sommer SE, which will hold 100 percent of the shares of the acquired company.
Established more than 20 years ago, construction management company LV Baumanagement AG and its 40-strong team of engineers and consultants oversee civil engineering and building construction projects valued at more than EUR 5.5 billion in total. The company provides its civil engineering and building construction services as a package. The services offered include, inter alia, tender and award processes, management of building construction work, expert opinion and report preparation, planning, and management of civil engineering projects.
The range of civil engineering services includes geotechnical expert opinions and reports, contaminant surveys, waste disposal management, consulting expertise in demolition and water resources law, excavation planning and management, and flood defense and geothermal energy services.
The projects being overseen by the company include the Überseequartier project, which forms part of Hamburg’s HafenCity development, and it is also providing a number of services on other high-profile building projects in Hamburg, such as the Elbtower, the CCH-Congress Center Hamburg and the Münzviertel district.
‘The integration of LV Baumanagement AG and Drees & Sommer gives further strength to our position as a leading construction management company. In particular, it adds proven civil engineering expertise – a valuable unique selling point that sets us apart from the competition, not only in northern Germany but throughout Germany, Austria and the German-speaking part of Switzerland,’ says Dierk Mutschler, Executive Board Member of Drees & Sommer SE.
‘The leading enterprise Drees & Sommer has supported private and public clients and investors for more than 50 years in all aspects of real estate and infrastructure. It is a top player with around 5,000 employees in 51 locations around the world. Our common aim is to pool our knowledge to offer an integrated range of real estate, industrial plant and infrastructure services,’ explains Berthold Moosmann, Member of the Executive Board of LV Baumanagement AG. His Board colleague Dr. Daniel Reichert, adds: ‘„With this strong parent company behind it, our team can implement projects of a much higher volume and over a greater geographical range. Moreover, in future, our clients will benefit from a significantly broader service offer and much deeper competence, in particular with regard to sustainability and digital transformation in the construction sector.’
LV Baumanagement AG will change its name to LV Baumanagement – Part of Drees & Sommer. Under the leadership of its former senior managers, Dr. Daniel Reichert and Berthold Moosmann, the company will continue to further develop its portfolio .