Dutch contractor Royal Bam Group has completed the sale of its German operating company Wayss & Freytag Ingenieurbau to German rival Zech Group.
Announced in June 2022, the acquisition will generate €50m in profit and improve the company’s balance sheet.
Wayss & Freytag Ingenieurbau has 1,000 employees, annual revenue exceeding €500m and specialises in civil engineering and tunnel construction.
It is currently working on the Femern Belt tunnel between Germany and Denmark, as well as a 7km tunnel linking Munich’s main station with its eastern hub and an extension of the A10/A24 highway near Berlin.
The deal will allow Bam to move into growth markets in the Netherlands, the UK and Ireland.