# PORR acquires Pannonia Group for gravel resources

PORR subsidiary PORR Umwelttechnik GmbH is acquiring 100% of Pannonia Group, which owns 11 million tonnes of gravel resources in Austria, pending competition authority approval.

- Type: Acquisition
- Announced: 2024-02-01
- Where: Parndorf and Markgrafneusiedl, Austria
- Status: announced
- Capacity: 11 million tonnes of gravel resources
- Products: gravel, aggregates
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [PORR Umwelttechnik GmbH](https://endata.com/companies/75395.md) (acquirer)
- [Pannonia Group](https://endata.com/companies/75396.md) (target)

## Sources

- [porr.at](https://www.porr.at/en/press/press-releases/detail/porr-acquires-pannonia-group), 2024-02-01: "With this move, we are expanding our expertise in the area of raw materials processing."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.