Ballast Nedam Strengthens Position With HeddesBy Ballast Nedam Nv, PRNE
Tuesday, March 1, 2011
NIEUWEGEIN, The Netherlands, March 2, 2011 - Ballast Nedam has reached agreement on the takeover of part of the
activities of the Dutch construction company Heddes. It concerns the takeover
of 16 projects with a total volume of approximately EUR 100 million and the
small scale construction activities. Heddes Bouw & Ontwikkeling will operate
from its headoffice in Hoorn with over 100 employees.
Heddes is a renowned construction company with an excellent reputation.
Chairman of the Board of Management of Ballast Nedam, Theo Bruijninckx is
very pleased with this fast relaunch: "This means a valuable strengthening of
our position in the North West region in The Netherlands with an excellent
company, that can focus on the future again. It's good news that Niels
Doodeman will ensure continuity of the company as managing director of Heddes
Bouw & Ontwikkeling.
Employment for over 100 employees could be maintained by the fast actions
of the receiver and the continued involvement of Euler Hermes. The
transaction is final after the required decision by the Dutch competition
Ballast Nedam has a leading position in construction and infrastructure.
The company operates mainly in the Netherlands on integrated and other
projects for companies, public authorities and housing consumers, in the
fields of mobility, housing, employment, leisure and energy. Ballast Nedam
operates internationally in various areas of expertise. Ballast Nedam
supplies project, process and contract management in the development,
implementation and management phases. The company also provides specialized
know-how and skills, and semi-finished and finished products. Ballast Nedam
is listed on NYSE Euronext in Amsterdam. The share is included in the
Amsterdam Small Cap Index.
Note for the editorial staff: Further details can be obtained from Ballast Nedam N.V., Adrie van
Kessel, telephone +31(30)285-41-61/ +31-6-22-45-71-85
Tags: Ballast Nedam NV, March 2, Netherlands, Nieuwegein, The Netherlands