Heijmans sells Heitkamp Rail to Eiffage

11/2/2009, 8:01 AM (Source: GlobeNewswire)
's-Hertogenbosch, the Netherlands - Heijmans NV ('Heijmans') has
reached agreement on the acquisition by Eiffage Travaux Publics SAS,
a fully-owned subsidiary of EIFFAGE SA, of all shares in rail builder
Heitkamp Rail GmbH and Heijmans Rail B.V. ('Heitkamp Rail'). The
relevant competition authorities will be consulted. The acquisition
price will be paid in cash.

Heitkamp Rail is an international multidisciplinary rail contractor.
The company's home market is Germany, with references in France,
Austria, the Netherlands, the United Kingdom, Poland, Scandinavia,
the Middle East, Taiwan and China. Heitkamp Rail owns a wide range of
specialised rail equipment for ballasted track construction. Heitkamp
Rail also provides rail track related civil engineering and
construction and has its own maintenance services. A unique Heitkamp
Rail asset is the knowledge of engineering and construction of high
speed rail tracks. Heitkamp Rail is one of the few railway
construction companies with international references in elaborating
noise and vibration protection systems for light and heavy
rail. Including its joint activities Heitkamp Rail recorded sales of
approximately ¤90 million in 2008. Heitkamp Rail currently has
approximately 300 employees.

The strategy of Heijmans is to concentrate on the Dutch home market,
where the company holds major market positions in project
development, building, infrastructure and technical services. The
sale of Heitkamp fits within this strategy. The transaction proceeds
will be used to reduce debt and can be considered as a logical step
to further deleverage the company.

The Eiffage Group is active in the full spectrum of building, energy,
infrastructure construction and concessions. Its activities include
building and developing properties, road construction and civil
engineering, multi-technical installations, metallic construction and
facade construction, and concessions. With 75,000 employees the Group
recorded sales of ¤13,200 millions in 2008.

For additional information

Media and analysts:
Michiel Segers
Director of Corporate Communications and Investor Relations
+31 73 543 51 90

This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.

View document

View document
Copyright GlobeNewswire, Inc. 2016. All rights reserved.
You can register yourself on the website to receive press releases directly via e-mail to your own e-mail account.