15 February 2022

Stadsbader acquires BAM contractors

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Royal BAM Group announced on Tuesday 15/02/2022 that it has reached an agreement with the Stadsbader family group, led by CEO Dominique Valcke, on the sale of BAM Contractors and its stake in BV Asphalt.

Following the formal approval of the competition authorities, BAM Contractors will continue its activities as a sister company of Stadsbader NV within Stadsbader Group. Both companies will continue to operate autonomously, retain their own markets and will operate in a complementary manner. Jan Folens remains in charge of BAM Contractors. BAM Contractors' structure, values and pillars are consistent with those of Stadsbader. Strength, quality and flexibility prevail, and both companies place safety, the environment and innovation at the heart of all activities. The purpose of acquiring BAM Contractors is to leverage shared expertise and further increase vertical integration. In doing so, Stadsbader Group and BAM Contractors continue to count on the commitment and teamwork of all employees who are and will continue to be the cornerstone of the success of this story.

This new chapter offers many opportunities in the further development of Stadsbader Group's activities. Given BAM Contractors' reputation as a strong player in civil engineering projects, rail and catenary works, it definitely creates added value. BAM Contractors has an impressive order book filled with complex projects such as the reconstruction of the Vilvoorde Viaduct, the New Terneuzen Lock and the realization of the Scheldt Tunnel as part of the Oosterweel project.

Stadsbader is also already an important contractor in road construction, building and engineering with far-reaching vertical integration in terms of equipment and production entities. Its financial stability, solid Belgian anchoring and the proven growth trajectory of Stadsbader Group are a solid foundation for the further development of BAM Contractors. 

With the addition of BAM Contractors' 400 employees and €190 million in sales, Stadsbader Group now has 1,650 employees and achieves an annual turnover of €600 million. Stadsbader Group can play its trump card as a multidisciplinary contractor even more than before with this acquisition.

Dominique Valcke said:

"We have long been impressed with BAM Contractors because of its strong history and dynamics and impressive achievements. The many contacts with management, led by Jan Folens, have given us the confidence to take this step."