Boskalis completes acquisition of MNO Vervat

by Hans | December 15th, 2011

Royal Boskalis Westminster N.V. (Boskalis) has completed the previously announced acquisition of MNO Vervat.

MNO Vervat holds a leading position in the Dutch civil infrastructure market. Established in 1917, this family-owned business is specialized in road construction, concrete and other civil construction work. Internationally MNO Vervat operates mainly in Suriname. MNO Vervat has an annual revenue of around € 300 million, an order book which is worth over two times the annual revenue and employs around 1,000 staff.

The tie-up of Boskalis Nederland and MNO Vervat will create a player with combined infra revenue of around € 0.5 billion with the ability to play a leading role at the upper end of the Dutch market.

Through the acquisition Boskalis will gain valuable knowledge and expertise for its international activities in the area of concrete and other civil construction. This will enable Boskalis to respond to the increasing demand for all-round solutions for complex port and offshore projects. Comparable expertise is already very successfully applied within the group on a regional scale in the Middle East through our partnership with Archirodon.

Press Release BosKalis

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