Management buyout of Tiefbau division complete and BAM Deutschland operational

11 January 2007 11:53 - Royal BAM Group nv

Bunnik, Netherlands, 10 January 2007 – Royal BAM Group successfully completed the previously announced divestment by Wayss & Freytag Schlüsselfertigbau of the Tiefbau division in Göttingen at the end of 2006. This business unit, which employs approximately seventy people, is now independent following a management buyout.

As also previously announced, the activities of Wayss & Freytag Schlüsselfertigbau AG have been placed under the management of Müller-Altvatter Bauunternemung GmbH & Co. This has resulted in the formation of the new operating company BAM Deutschland AG, which has been operational since 1 January 2007. The headquarters are in Stuttgart.
The management of BAM Deutschland currently comprises Prof. Dr.-Ing. F. Berner, Dr.-Ing. A. Häberle, Dipl.-Kfm. M. Hager and Dipl.-Ing. A. Naujoks.

Further information: A.C. Pronk, +31 (0)30 659 86 21.