Papendrecht, 11 February 2015
Royal Boskalis Westminster N.V. (Boskalis) has sold its road maintenance company Aannemingsbedrijf De Jong en Zoon Beheer B.V. and the associated De Jong subsidiaries (De Jong) to the management and Foreman Capital.
The De Jong activities were taken over at the end of 2011 as part of the acquisition of MNO Vervat. De Jong is primarily active in the maintenance of the main road network and inland waterways in the Netherlands.
Boskalis' strategy in the Netherlands is focused on large and medium-sized integrated projects and an independent maintenance company does not fit in this strategy.
The proceeds of the divestment are expected to be around EUR 30 million and will not have a material impact on Boskalis' earnings.
FOR FURTHER INFORMATION
Martijn L.D. Schuttevâer
T +31 78 6969310
This is an English translation of the Dutch press release. In the event of any disparity between the Dutch original and this translation, the Dutch text will prevail.
Royal Boskalis Westminster N.V. is a leading global services provider operating in the dredging, maritime infrastructure and maritime services sectors. The company provides creative and innovative all-round solutions to infrastructural challenges in the maritime, coastal and delta regions of the world with the construction and maintenance of ports and waterways, land reclamation, coastal defense and riverbank protection. In addition, Boskalis offers a wide variety of marine services and contracting for the offshore energy sector including subsea, heavy transport, lifting and installation (through Boskalis Offshore and Dockwise) and towage and salvage (through SMIT). It also has a strategic partnership in terminal services (Smit Lamnalco). With a versatile fleet of 1,000 units Boskalis operates in around 75 countries across six continents. Including its share in partnerships, Boskalis has 11,000 employees.
This press release can also be found on our website www.boskalis.com.
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