Latest
FAQ's
Will the Buildings business unit be closed or ‘carved off’ once the acquisition is complete?
No. Our aim is to continue our business plan and over time the expertise and knowledge we can draw on from STRABAG may enhance our building business unit.
How will this impact our company culture as a family and Australian-owned business. What measures will take place to preserve our company culture?
Culture is our shared values, beliefs, attitudes, and behaviours that shape how we interact, make decisions, and work together within Georgiou. We are all responsible for deciding to maintain our culture and making the choice to prioritise all the things we love about working for Georgiou.
Caring for our colleagues, having fun and bringing our best to work, having a solution focussed attitude and caring that we all go home safely at the end of the day; these are valuable parts of the Georgiou culture, and we all have a role to play in maintaining them. Our Leadership group and our staff are not changing, so our Culture should continue as we are committed to it.
Are further acquisitions expected to rapidly grow the Group and expand our capability in the short term? Or will Georgiou continue a conservative growth phase in line with existing business plan?
Acquisitions will be a joint decision which typically form part of the business planning and strategy sessions and will be developed over the time with STRABAG, so we better understand each other's strengths and aspirations.
I see the acquisition as a great opportunity for Georgiou to continue to grow and develop more in house capability. STRABAG’s extensive M&A capability will allow us to learn and be more successful in the pursuit and integration of future M&A opportunities.
​STRABAG have a target to be carbon neutral across their entire value chain by 2040. This includes climate-neutral construction projects by 2030. Will we be adopting these targets?
Yes, we will probably align ourselves with STRABAG’s targets. We are very excited about the innovations and achievements of STRABAG with ESG commitments and look forward to seeing how this can be applied to Georgiou should the deal go ahead.
What changes can we expect when Georgiou is owned by STRABAG?
The following FAQ’s aim is to provide insights into this change and how this will be managed. Whilst this list is not exhaustive, it will be updated as we progress through this important change for Georgiou Group.
Will our Executive Team and Board stay the same?
Yes. Our board will remain the same, however, there will be the addition of a representative from STRABAG. John Georgiou will continue as the Board Chair and Gary Georgiou will continue as CEO.
What are STRABAG’s long-term goals and vision for Georgiou?
Georgiou will continue to implement the current business plan. STRABAG will provide an enhanced capability profile to develop Georgiou’s market presence further by providing capital and technical expertise. STRABAG’s goal is to grow and increase Georgiou’s portfolio in the Australian market.
Will there be any changes to Georgiou’s culture or values?
The culture and values of Georgiou and STRABAG match very well. We will grow stronger together. STRABAGs core values are partnership, sustainability and innovative spirit. There is no intention in the near future to change Georgiou's values of Care, Integrity, Excellence.
Will there be any changes to our market strategy and/or the projects we target?
The leadership team will get to know STRABAG and the capabilities of STRABAG better and vice versa. STRABAG provides additional opportunities through their business capabilities and balance sheet.
Will Georgiou’s Brand be replaced with STRABAG’s in the Australian Market?
The Georgiou brand is very well established in Australia, while STRABAG is known well internationally. In collaboration with STRABAG we will align our brands and look at how the Georgiou + STRABAG logos can be best utilised in market.