Van Elle

Acquirer: STRABAG

Van Elle's shareholders have backed a takeover bid by STRABAG, in a move expected to provide the company with the necessary resources to navigate the challenging trading conditions it has been facing. Summary of transaction details: Value: Not disclosed Sector: Industrials & Energy Advisor: Not mentioned Key Entities: Van Elle, STRABAG Location: UK Note: The takeover is seen as a strategic play by STRABAG to expand its presence in the UK market, and is subject to regulatory approvals.