Ho Chi Minh City, December 19, 2025 – Coteccons Construction Joint Stock Company (HOSE: CTD) has officially approved the acquisition of 100% equity in GEO Foundations Vietnam (formerly Bauer Vietnam), a company with 100% foreign investment in Vietnam by BAUER SPEZIALTIEFBAU GMBH (Germany), one of the global pioneers in specialized foundation engineering. This acquisition marks a strategic move for Coteccons to strengthen its core technical capabilities, expand its BuildTech ecosystem, and accelerate its growth strategy in anticipation of the public investment cycle for 2026–2030.
BAUER, headquartered in Schrobenhausen (Germany), is a world leader in specialized foundation engineering and underground construction. BAUER SPEZIALTIEFBAU GMBH boasts over 50 years of deep expertise, having executed thousands of complex projects worldwide and set high technical standards for modern foundation construction.
GEO Foundations Vietnam inherits the full technological platform, processes, and quality standards from its parent company in Germany. Established in 2006, the company has achieved significant milestones by participating in large-scale projects across various sectors, including oil refineries, shopping centers, high-rise residential buildings, commercial-service complexes, key infrastructure, and government projects. Not only has GEO Foundations Vietnam been entrusted with some of the most prestigious projects in Vietnam, but it also strictly adheres to BAUER’s international technical standards in every project. With a team of experienced engineers and managers both locally and internationally, the company is committed to delivering superior construction quality and services that meet the most demanding client requirements. GEO Foundations Vietnam has participated in approximately 60 infrastructure, industrial, and high-rise projects, including notable works such as the Ben Thanh – Suoi Tien metro line, CT2 Hanoi, Cam Ranh International Airport, Noi Bai Airport, Dung Quat Oil Refinery, and Deutsches Haus in Ho Chi Minh City.
As Vietnam targets GDP growth of around 8% and public investment continues to be a key driver, Coteccons anticipates that the 2026–2030 period will see a boom in transportation, urban, and industrial infrastructure projects. With a low public debt-to-GDP ratio and significant urbanization potential, Vietnam has a solid foundation for launching large-scale projects nationwide. In infrastructure projects, foundation and tunnel construction are always critical technical challenges, accounting for 5–15% of total construction costs and playing a decisive role in quality, progress, and financial efficiency. By proactively acquiring advanced foundation engineering capabilities, Coteccons not only enhances its competitive strength in major projects but also unlocks annual revenue growth opportunities from its existing project portfolio.
The combination of GEO Foundations Vietnam’s foundation engineering expertise and Coteccons’ comprehensive construction ecosystem creates strong synergies, enabling the company to master foundation technologies and solutions, optimize costs, control schedules, improve quality and safety, and strengthen competitiveness in infrastructure and public investment projects. This transaction provides a framework for potential commercial cooperation, under which Bauer may supply state-of-the-art foundation equipment incorporating the latest geotechnical technologies to support Coteccons’ projects across Asia and beyond, while enabling Coteccons receiving ongoing support from the top-tier, world-class technologies of BAUER.
Owning GEO Foundations Vietnam is a pivotal step in Coteccons’ strategy to become a BuildTech enterprise – where technology, engineering, and management are seamlessly integrated throughout the entire construction value chain. Coteccons is committed to delivering quality and services that meet the most stringent client requirements, while continuing to pioneer innovation to create sustainable value for the community and Vietnam’s construction market.
