Boskalis acquires large order in Nigeria and strengthens strategic position in The Netherlands

Royal Boskalis Westminster nv has recently acquired a large order in its home market Nigeria. In addition, Boskalis will strengthen its Dutch home market position with the acquisition of J. van Vliet bv in Wormerveer.

Large order in Nigeria
The scope of the order, which was awarded by Chevron, is to prepare a parcel of land of 72 hectares for the construction of a Â'gas to liquids plantÂ' in Escravos, Delta State, Nigeria. The contract value exceeds € 110 million, the works will be executed with a large and some mid-size hoppers. The execution period is approximately 1 year.

Acquisition of J. van Vliet bv in The Netherlands
Boskalis expects to reach agreement on the acquisition of J. van Vliet bv in Wormerveer, The Netherlands. The transaction will be effective per 1 January 2002 upon closing of the final agreement.

J. van Vliet bv is a trader in sand for reclamation and a civil contractor. The company holds a strong market position especially in the Amsterdam and the North Holland area. Turnover in 2001 was approximately € 10 million and the company employs 30 staff. J. Van Vliet bv will continue to operate under its existing lable and with the current management.

Boskalis holds a strong position on the Dutch infrastructure market through its sand trading activities and its dredging and dry earth movement business. The acquisition of J. van Vliet bv strengthens BoskalisÂ' position in North Holland.

Royal Boskalis Westminster nv is an international group with a leading position in the world market for dredging services. Its core activities are the construction and maintenance of ports and waterways, land reclamation, coastal defence and riverbank protection.

The company holds ten home market positions in and outside Europe and targets all market segments in the dredging industry. Boskalis has a versatile fleet of over 300 units and operates in over 50 countries across five continents. Boskalis has over 3,000 employees.
Boskalis has a clear growth strategy which focuses on the strengthening of its market position. The company has grown at an average annual rate of more than 10% since the eighties and the aim of the policy is to continue this trend.

(source: Boskalis Westminster)

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