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Construction group BAM acquires contractor A.Hak

Construction group BAM acquires contractor A.Hak

Construction firm BAM has announced the acquisition of A.Hak for over 500 million euros to expand its energy and water infrastructure capabilities. The deal is expected to be finalized by the first quarter of 2027.

Construction company BAM has announced the acquisition of the contracting firm A.Hak in a deal valued at over 500 million euros. BAM CEO Ruud Joosten stated that the move represents a major advancement in the firm's growth strategy, specifically aimed at bolstering its presence in the expanding energy and water infrastructure sectors within the Netherlands. A.Hak brings specialized expertise in transport pipelines and trenchless technology, which complements BAM's current operational capabilities in energy distribution.

While A.Hak generates the vast majority of its revenue domestically, it also maintains business operations in Belgium and the United Kingdom. The transaction is subject to the usual closing conditions and is currently projected to be finalized during the first quarter of 2027. This integration is expected to strengthen the combined entity's competitive standing in the utility infrastructure market as demand for energy network improvements continues to rise.

Based on reporting by nu. Translated and condensed by LocalHeadlines.

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