The acquired companies are subsidiaries of the Dutch BAM Group, and have between them 650 employees and a combined turnover of around €220m by the end of 2021.
The acquisition, the amount of which has not been disclosed, is still subject to approval by the competition authorities, but is expected to be completed in the first quarter of 2022.
“We are delighted to welcome the 650 new colleagues from BAM Galère and BAM Lux, an increase of 25% in our workforce,” said Edouard Herinckx, managing director of the Thomas & Piron Group. “For an acquisition to go well, it is important to respect the expertise in the field and the entrepreneurial dynamism. Nothing will therefore change for the existing teams, apart from the visual identity of the two companies. The aim is to create the best possible synergies and collaborations together.”
BAM Galère and its subsidiary BAM Lux are active in the field of construction and civil engineering, both in the public and private sectors. In Luxembourg, BAM Lux is involved, among other things, in the structural work on the Jean Monnet 2 building in Kirchberg, the Nova Place de l'Étoile building, the pedestrian bridge at Bettembourg station, and the second phase of the technical high school for health professionals in Strassen. They also worked on the CNIS site at the Cloche d'Or, the Infinity site at Kirchberg and the water tower in Dippach. Medium-term projects include the water tower in Kirchberg. BAM Lux currently employs just under 100 people.
This story was first published in French on Paperjam. It has been translated and edited for Delano.