Tebodin acquires controlling interest in Czech engineering firm Sindat

9 May 2003 22:10 - Royal BAM Group nv

The Hague, 9 May 2003 - Tebodin Czech Republic has acquired 51% of the shares of the Czech engineering firm Sindat Engineering S.R.O. The two parties recently signed the contract in Prague.

Sindat Engineering, part of the Sindat Group, has 27 staff in two offices, in Prague and Pardubice. Tebodin Czech Republic operates with a staff of 125 from an office in Prague. The combined turnover amounts to €6 million annually.

The merger gives Tebodin Czech Republic specialist expertise, particularly in the field of process engineering. Tebodin also gains access through the acquisition to a large number of clients in the energy market and also in the chemicals and pharmaceuticals sector. With this move Tebodin aims to become the largest engineering consultancy in the Czech Republic in due course, possessing expertise in the fields of design, engineering and project management.

Tebodin, Consultants & Engineers - a Royal BAM Group operating company - is an independent, multidisciplined consultancy and engineering firm with a turnover in excess of €147 million. Tebodin offers clients worldwide the experience and expertise of a staff of more than 2,000 covering the fields of pharmaceuticals and biotechnology, chemicals and fine chemicals, the food industry, oil and gas and also the public sector and consumer goods. Tebodin has a network of approximately forty offices in Europe, the Middle East and Asia.

For further information:

H.J. Hegger, managing director Tebodin, Consultants & Engineers, +31 70 3480435.