BAM: management buyout Heilijgers completed
Bunnik/Amersfoort, the Netherlands, 29 August 2016 – Royal BAM Group nv has reached agreement with the management of its construction and properties subsidiary Heilijgers about a management buyout today, following the announcement of the transaction on 12 July 2016.
The decision to transfer Heilijgers (over 100 employees; revenues 2015 €40 million) to its present management is part of BAM’s strategy ‘Building the present, creating the future’, which the Group presented recently. One aspect of the strategy relates to shaping the business portfolio (‘Doing better things’). Among other things this includes exiting operational activities that do not offer sufficient opportunities to use scale or differentiation as critical success factors. The management buyout will offer Heilijgers opportunities for further growth.
Royal BAM Group nv:
- analysts: Joost van Galen, +31 (0)30 659 87 07;
- press: Arno C. Pronk, +31 (0)30 659 86 23;
- André Heeringa, marketing and communications, +31 (0)33 454 57 00.