Royal BAM completes sale of BAM Galère
By Mike Hayes03 February 2022
Dutch construction giant continues strategy to focus on markets where it has competitive strengths
The Netherlands-based construction group Royal BAM has completed the sale of its operating company BAM Galère, to the Belgian construction firm Thomas & Piron Group.
BAM Galère, based in Liège, undertakes infrastructure projects in the private and public sectors in Belgium, while its subsidiary BAM Lux – also part of the sale – operates in Luxembourg.
Financial details of the sale are not being disclosed, but the annual revenues of BAM Galère are reported to be approximately €200 million. The company currently employs some 650 staff.
Royal BAM said the transaction is a natural evolution of the restructuring of its portfolio of businesses. The company said it will focus on markets and projects where the group can leverage its “competitive strengths and serve the growing demand for sustainable solutions in the construction industry”.
When details of the sale were first announced in December last year, Ruud Joosten, CEO of the Royal BAM Group, said: “With Thomas & Piron as the new owner, we have found a trusted partner and paved the way for the successful future of BAM Galère and its employees.”
The latest transaction follows the Royal BAM’s divestments of BAM Swiss, BAM Facilities Services (Deutschland) and BAM Deutschland in 2021.