History

Development into an international construction services provider

When the construction boom – triggered off by reunification – had slackened in the mid-1990s, the innate problems in the German construction industry came clearly to light. The HOCHTIEF CEO at the time, Dr. Hans-Peter Keitel (1947*), responded to these problems by systematically restructuring the company. Keitel had joined the HOCHTIEF Executive Board in 1990 and became Chairman in 1992. Under his leadership, the company developed into an international provider of construction and construction-related services. The new product and service offer comprises development, construction, services plus concessions and operation. In a fresh move, HOCHTIEF opened up new business fields such as project development, airport management and facility management. This service package formed the basis, among others, for the construction of Athens Airport (1996-2000) which HOCHTIEF now operates as airport manager. The realignment of the Group also brought about changes in the personnel structure: In addition to people from the traditional field of construction, HOCHTIEF's workforce today comprises financing experts, airport managers, sound technicians and school janitors, to mention but a few. After 15 years at the top of the company, Keitel left the HOCHTIEF Executive Board in 2007 and became a member of the Supervisory Board.

In his post as CEO, Keitel was succeeded by Dr. Herbert Lütkestratkötter (*1950). Mechanical engineer Lütkestratkötter joined HOCHTIEF in 2003 and, on the Executive Board, first took on responsibility for the HOCHTIEF Americas division and the business fields of public-private partnership (PPP) and facility management.

Today, the company's strategy is based on the networked cooperation of all corporate divisions. HOCHTIEF covers all phases of the infrastructure project, real estate and facility life-cycle.

One example in this context is the WestendDuo office property in Frankfurt: HOCHTIEF Projektentwicklung designed the complex, HOCHTIEF Construction performed the building works, HOCHTIEF Facility Management is responsible for operation, and HOCHTIEF Property Management is in charge of portfolio management.

HOCHTIEF is continuously expanding its local presence in the world's most important construction markets. In 2007, it acquired civil engineering company Flatiron, one of the Top 10 vendors of infrastructure projects in the USA. In 2009 in Qatar, HOCHTIEF Construction won the contract to build the 8-kilometer-long Barwa Commercial Avenue shopping mall in Doha. For some years now, HOCHTIEF has also been represented in the Gulf states via Al Habtoor Leighton, a company of the Leighton Group.

Future-proof structure

In 2008, HOCHTIEF adapted its structure to the dynamic internationalization and the intensified expansion of construction-related services. On the level below the Management Holding is Corporate Headquarters which consists of a control and a service level. Below that, we have six corporate divisions: HOCHTIEF Americas, HOCHTIEF Asia Pacific, HOCHTIEF Concessions, HOCHTIEF Europe, HOCHTIEF Real Estate and HOCHTIEF Services. These comprise the operational units.


top top top
HOCHTIEF | Copyright © 2009 HOCHTIEF AG