New future for BAM ContractorsBUILD
On Monday the Stadsbader Group, led by CEO Dominique Valcke, announced the acquisition of BAM Contractors and its participation in BV Asphalt . BAM Contractors is well known for its experience in the field of complex civil projects and rail works. Stadsbader Group is also already an important contractor in road construction, construction and techniques with far-reaching vertical integration in the field of equipment and production entities.
After the formal approval of the competition authorities, BAM Contractors, within the Stadsbader Group, will continue its activities as a sister company of Stadsbader NV. Both companies will continue to function autonomously, retain their own market and will operate in a complementary manner. Jan Folens will remain in charge of BAM Contractors. According to Stadsbader the aim of the acquisition of BAM Contractors is to use shared expertise and to further increase vertical integration.
This new chapter offers many opportunities in the further development of the activities of Stadsbader Group. BAM Contractors has an impressive order book with complex projects such as the reconstruction of the Vilvoorde Viaduct, the Nieuwe Sluis Terneuzen and the construction of the Scheldt tunnel as part of the Oosterweel project. With the addition of the 400 employees and 190 million Euros in turnover of BAM Contractors, Stadsbader Group now has 1650 employees and an annual turnover of 600 million Euros.
Thanks to this acquisition, Stadsbader Group will be able to even further position itself as a multidisciplinary contractor.