Royal Heijmans NV has reached an agreement with Van Wanrooij Bouw & Ontwikkeling BV on the acquisition of its project development activities, construction company, carpentry factory and building materials business based on an enterprise value of € 298m.
Ton Hillen, CEO of Heijmans: “I am very pleased that two construction and property development companies with their roots in the province of Brabant are joining forces. I have enormous respect for the professional and passionate way in which the Van Wanrooij family has grown the company and am pleased that the family will remain committed to guiding the transition for the first few years. Despite the current headwinds in the Dutch housing market, Heijmans is confident about the future. After all, the underlying demand for new-build homes remains as high as ever, with a growing population and strong demand for energy-efficient homes. The acquisition of Van Wanrooij puts Heijmans in an excellent starting position to accelerate its business in the housing market with an expanded range of sustainable and affordable homes.”
John van Wanrooij, Managing Director Van Wanrooij Bouw & Ontwikkeling: “Two years ago, we as a family expressed our intention to step aside in the coming years and operate more at a distance from the company to ensure continuity for the future. Over the past two years, we have taken several steps on this front, together with the people in our organisation. The transition of our company to Heijmans is the next step in this process. Combining the two companies’ construction and development knowledge, order portfolios and the possible wider deployment of our Optio® standard residential concept provides a solid foundation for the positive development of the merged companies in the future. We look forward to giving the new combined company a positive start.”