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.

NEWSLETTER
Delivered directly to your inbox, Construction Technology Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
CONNECT WITH THE TEAM
Andy Brown Editor, Construction Technology Tel: +44 (0)1892 786 224 E-mail: andy.brown@khl.com
Eleanor Shefford Sales Manager Tel: +44 (0)1892 786236 E-mail: eleanor.shefford@khl.com
Latest News
Electric crawler crane new from Sennebogen
Sennebogen in Germany announces 653 E Electro Battery, a 50 tonne capacity telescopic boom crawler crane
How is Volvo utilising hydrogen technology?
International Rental News speaks with Toni Hagelberg, Head of Sustainable Power Systems and Carolina Diez Ferrer, Head of Advance Engineering programs at Volvo CE
Subscriptions drive rise in sales for Trimble
Technology firm sees revenue up for second quarter of 2022