Partnership
Royal BAM Group and the shareholders of Van Leeuwen Sleufloze Technieken (VLST) have reached an agreement on a strategic partnership under which BAM will acquire a 40% stake in VLST.
VLST is a leading Dutch specialist in horizontal directional drilling (HDD).
The company operates 19 HDD rigs and is expected to generate revenue of approximately €60 million and an EBITDA margin of around 18% in 2026.
BAM will acquire the 40% strategic participation for circa €45 million. The transaction is expected to close in the first quarter of 2027, subject to satisfaction of customary conditions.
