Strukton and Ooms sign letter of intent for take-over

14 October 2011

On Thursday 13 October, Strukton Civiel BV and Ooms Avenhorn Groep BV signed a letter of intent regarding the take-over of Ooms Nederland Holding BV. The activities to be taken over include the ground, road and civil waterworks activities, the Dutch consultancy activities (Unihorn) and part of the foreign infrastructure activities of Ooms International Holding. These will form a separate division within Strukton Civiel.

The aim is to complete the transaction by 1 January 2012 at the latest, depending, among other things, on the results of the negotiations with the unions, works councils and the NMa (the Dutch Competition Authority) reporting process.

The take-over is in line with Strukton’s strategy, aiming to broaden and extend the chain.

Jos Hegeman, Managing Director of Strukton Civiel: ‘We already have a good position in the north, east and south of the Netherlands. This take-over will allow Strukton to reinforce its infrastructure activities as well as its position by acquiring national coverage in this market. Ooms’ infrastructure activities are mainly focused on the west of the Netherlands, where Strukton’s presence is as yet still limited. In combination with Ooms' existing knowledge and innovation power, that makes this acquisition beneficial to Strukton, enabling us to enhance our ability to respond to the market.’

Piet-Jan Ooms, Managing Director of Ooms Avenhorn Groep BV: ‘In our perspective, Strukton is a company allowing us to reinforce and expand the market position of our infrastructure subsidiaries. Ooms Nederland Holding BV will be added to the Strukton organisation under the name of Ooms, indicating that Ooms has built up a strong name and identity. Ooms’ innovative character will be retained as it adds value to the entire organisation.’

The remaining Ooms activities that fall within Ooms Avenhorn Holding will be continued with the current directors and shareholders in place. This includes the operating companies Ooms Bouwmaatschappij, De Peyler Projektontwikkeling and DPV Makelaars.

Cornerstone Partners has acted as Ooms Avenhorn Groep BV’s financial advisor.