NIEUWEGEIN, the Netherlands,
October 29, 2014 /PRNewswire/ --
Ballast Nedam has started a process, aimed at the sale of its
business unit Ballast Nedam Offshore with the intention to conclude
a transaction at short notice.
The sale of Ballast Nedam Offshore is an addition to
the disposals programme that Ballast Nedam announced in
February, to strengthen its financial position.
Ballast Nedam Offshore has developed into a leading market
player in the young offshore wind industry. The company provides
cost-effective foundations for offshore wind farms, offering
engineering, procurement, contracting and installation (EPCI)
services. Since Ballast Nedam Offshore was involved in design and
build of the first Dutch offshore wind farm Egmond aan Zee in 2006
it has yielded positive results.
The sales process is managed by NIBC. The intended sale
comprises Ballast Nedam Offshore B.V., all dedicated staff for EPCI
services and its Heavy Lift Vessel Svanen. The asset management
activities for operational wind farms will not be included in the
transaction.
Ballast Nedam targets its strategic focus at successfully
acquiring and carrying out integrated projects in the working areas
of housing, mobility, energy and nature in the Netherlands and internationally. We will
expand related activities in niche markets and work on projects
where we can make a difference for the client with our expert
knowledge and skills. Ballast Nedam applies a differentiated market
approach for its three divisions.
With further industrialization of the building process through
the use of innovative modular concepts and standardization Ballast
Nedam creates enduring quality at the lowest possible life cycle
costs for its clients and society. The Ballast Nedam share is
included in the Amsterdam Small Cap Index (AScX) of NYSE
Euronext.
http://www.ballast-nedam.com
PRN NLD
SOURCE Ballast Nedam