Tebodin acquires remaining shares in SmitsTebodin

Bunnik, Netherlands, 14 December 2006 – Tebodin Consultants & Engineers, operating company of Royal BAM Group nv, has acquired the remaining 50% shares in the Belgium subsidiary SmitsTebodin. In 1999 Tebodin and the Dutch-Belgian consultancy TPF Europe jointly founded SmitsTebodin to serve the Belgian market in consultancy and engineering services. The office in Belgium is located in Zwijndrecht, near the industrial region of Antwerp, and cooperates closely with the project office in Bergen op Zoom. The company offers a broad package of services, focusing on amongst others industrial projects. SmitsTebodin has approximately 10 employees and a turnover of approximately € 1.2 million.

Tebodin Consultants & Engineers is an independent, multidiscipline firm of consultants with a turnover of € 166 million in 2005. Tebodin offers clients worldwide the expertise of 2,600 employees, with experience in various markets such as pharmaceuticals, chemical/fine chemical industry, oil and gas industry, food industry, government and consumer goods. Tebodin has about fifty offices in Europe, the Middle East and Asia.

Further information: A.C. Pronk, + 31 (0)30 659 86 21.