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.
SOURCE Ballast Nedam