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News » International » Besix completes Heijmans Belgium acquisition » published 26 Apr 2017

Besix completes Heijmans Belgium acquisition

Besix finalised its acquisition of Heijmans’ Belgian activities yesterday following clearance by the competition authorities.

The acquisition had been announced in February (link opens in new tab). The main subsidiaries covered by the deal are Van den Berg NV, Heijmans Infra NV, and Heijmans Bouw NV.

Now that the Belgian competition authorities have approved of the transaction, the integration of the Heijmans activities into the Group can start.

Van den Berg will continue to operate under the same name as a specialist company active in cable and pipeline construction with a focus on the energy, water and telecom sectors. The acquisition means that Besix can tap into a new niche market in energy and water transport and distribution, tunnel cabling, railway and high voltage projects, guided drilling, fibre optic and broadband communication networks.

Heijmans Infra will take on the new name of Besix Infra, positioning itself in the Belgian infrastructure market. At the same time, Besix is taking full control of Belasco (formerly a 50/50 joint venture with DCA). Belasco will continue to operate its three asphalt production facilities in Ghent, Puurs and Bilzen under the same name.

Heijmans Bouw will continue its activities under the new name of Belemco, specializing in residential and public housing and utility projects. The name Belemco has been formed through a combination of Besix, Lemborgh (ancient name of Limburg) and Cortruyck (historical name of Kortrijk). It will represent its new and old roots with branches in Bilzen (Limburg) and Kortrijk.

The acquisition is in line with the growth strategy pursued by Besix since a management buy-out to meet the rising demand from the Belgian market for integrated total solutions. The operations will together employ about 900 people and have a combined turnover of approximately €250m (£212m).

Besix Group CEO Rik Vandenberghe: “The acquisition of the Belgian activities of Heijmans strengthens the position of Besix in its Belgian home market, not in the least because of the complementary regional spread of the Heijmans network. Additionally, it allows us to further diversify our offer, more specifically in road works, complex infrastructure works, networks and underground infrastructure. The acquired companies are all active in industries which will demonstrate strong growth in the coming years in order to support the Belgian economy: mobility, smart networks and healthcare. Finally, the acquisition reinforces our talent pool considerably, making us even better equipped to accept new orders.”

 

MPU

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This article was published on 26 Apr 2017 (last updated on 26 Apr 2017).

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