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Mon April 12 2021

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BAM sells Dutch sports contractor

23 Apr 15 BAM Infra has sold Netherlands-based subsidiary Nootenboom Sports.

DR Nootenboom Holding and Drechtmolen Holding have bought the company, which specialises in constructing and maintaining sports facilities. The transaction includes work in progress, equipment and five employees. The annual turnover of Nootenboom Sport in recent years amounted to approximately €8m (£5.7m).

BAM said that it sees insufficient opportunities to develop the activities of Nootenboom Sports and considers its added-value to be limited. The sale is part of current organisational streamlining that BAM is implementing through its ‘Back in Shape’ programme.

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