The sale of Oevermann is an important step towards further debt reduction and a structural improvement of the financial leverage ratios. The transaction is consistent with the change in strategy initiated by Heijmans, which focuses on the Dutch market.
Oevermann GmbH operates in the road construction and non-residential construction sector in Germany. In 2016, the company's turnover amounted to €215m. The company has approximately 700 employees. PORR's international organization has identified Germany as one of its core markets and the acquisition of Oevermann means a further strengthening of PORR's position in this market.
ING Corporate Finance and Rabobank Corporate Finance act as financial advisors to Heijmans in this process.