“We see considerable future potential in the Romanian market and therefore aim to further expand our presence there,” said Péter Glöckler, Strabag board member responsible for southeastern Europe, in the release. “With Bawi, we are gaining an excellently positioned company with high technical expertise and a strong market presence.”

Romania’s railway operations are divided between state-owned passenger carrier CFR Călători, freight carrier CFR Marfă, and several private companies, including Regio Călători, Grup Feroviar Român, Transferoviar Călători and Softrans. Through Romania’s Transport Programme and the National Recovery and Resilience Plan, over $8 billion in national and European Union investments have been earmarked to modernize and electrify the country's aging rail network and increase its operating speed, according to the International Trade Administration.

Under its construction and modernization services, Bawi says it offers specialized railway work. “The acquisition allows [Strabag] to strategically broaden our railway construction activities while reinforcing our value chain in a key future market,” Glöckler added,

Strabag ranks at No. 5 on ENR’s 2025 Top 250 International Contractors list reporting over $17 billion in revenue. The 2026 ranking will be published in August.