Ballast Nedam and HBG sign contract establishing Ballast HAM Baggeren bv
Amstelveen / Rijswijk, the Netherlands – On Tuesday, 26 June, after the close of trading in Amsterdam, the construction and the dredging groups Ballast Nedam and HBG signed the contract merging their two dredging companies.
The merger creates a business with revenues of 635 million euros and a workforce of around 2,000. The company’s name will be Ballast HAM Baggeren bv, and it will rank among the leading players in the international dredging market.
The operational preparations for a rapid and smooth integration are on schedule. The management of Ballast HAM Baggeren will be formed by Messrs D. de Waard, chairman [former managing director of HAM and currently member of the HBG Board of Management], A.H. Godri [currently managing director of Ballast Nedam International], J. van Herwijnen [currently chairman and managing director of HAM], A. Kok [currently financial director of Ballast Nedam Baggeren] and O.F. Verkerke [currently managing director of HAM].
The procedure for clearing the merger with the European authorities in connection with competition legislation has commenced. The Employee Councils of both Ballast Nedam and HBG have recommended in favour of the establishment of Ballast HAM Baggeren.
Further information:
Hollandsche Beton Groep nv
- Arno Pronk, telephone +31 (0)70 372 2121
Ballast Nedam nv
- Jos Bolt, telephone +31 (0)20 545 3426
- Nel de Geus, telephone +31 (0)20 545 3435