BAM Bouw en Vastgoed sells subsidiary

Dutch-based BAM Bouw en Vastgoed has sold its subsidiary BAM Techniek − Integrated Works to the management. The transaction includes all eight employees and work in progress.

BAM sees insufficient opportunities for further development of the activities of BAM Techniek − Integrated Works, which specialises in telecommunications, and considers the added value of this specialisation for the Group to be limited. The transaction is in line with the streamlining of the organisation in relation to BAM’s Back in Shape programme. Last year BAM Techniek − Integrated Works’ turnover was around €1 million.