Strukton and Rasenberg sign purchase agreement for the takeover of infrastructural activities

19 September 2012

As previously announced in the press release of 14 May 2012, Strukton Civiel B.V. and Rasenberg Holding B.V. have signed a definitive purchase agreement regarding the proposed takeover of Rasenberg’s infrastructural activities. Completion of the transaction depends on a variety of factors, including the outcome of the notification process with the Dutch competition authority (NMa) and fulfilment of customary conditions precedent.

The activities being taken over come from Rasenberg Wegenbouw B.V. (road construction and asphalt production), Rasenberg Verkeer & Mobiliteit bv (dynamic traffic management), Reanco B.V. (noise barrier facilities), R.O.B. B.V. (recycling and storage, Breda) and associated holdings in Van Rens B.V. (traffic technology) and R.O.S. B.V. (recycling and storage, Schiedam). These will become a separate operating unit within Strukton Civiel.

The takeover is consistent with Strukton’s strategy, which focuses on widening and extending the chain.

Jos Hegeman, managing director of Strukton Civiel, comments: ‘The takeover of Rasenberg’s infrastructure activities is in line with the strategic development of Strukton Civiel towards national coverage for its road construction activities. This takeover allows Strukton Civiel to strengthen its regional position as well as its position in large, integrated infrastructural contracts and chain integration. This enables us to both serve and respond to the market even more effectively.’

Geert Aerts, managing director of Rasenberg Holding, comments: ‘The increasing trend towards clustering and the continuing expansion of the size of infrastructural works, combined with the associated higher risk profiles and high tendering costs, have led us to conclude that it is unlikely we can guarantee the continued existence of the infrastructure companies as independent entities. The sale of the infrastructure activities to Strukton promises to safeguard the know-how and strength of our infrastructure units. Following the takeover, Rasenberg Holding will focus on further developing its operating companies in the construction, environmental and process engineering sectors to become full-service providers for its clients.’

Cornerstone Partners is acting as the financial adviser to Rasenberg Holding B.V.