Target: Van Wanrooij
Seller: Van Wanrooij shareholders
Advisory sell side: Deloitte | M&A Advisory
Deloitte | Tax Advisory
Deloitte | Financial Due Diligence
JB Law | Legal Advisory Corporate M&A
Buyer: Heijmans
Advisory buy side: PwC | M&A Advisory
AXECO | M&A Advisory
Allen & Overy | Legal Advisory Corporate M&A
Date announced: 2023-06-21

The Dutch construction company Royal Heijmans NV has acquired the Dutch construction company Van Wanrooij Bouw & Ontwikkeling BV including approximately 275 employees. The acquisition will increase Heijmans' development capacity by 1,000 to 1,500 apartments per annum from the current 3,000 to 4,000 apartments.

Heijmans conducted thorough due diligence on the land holdings and the soundness of the houses to be developed and adjusted the phasing to reflect current market dynamics. This strategic fit strengthens Heijmans' position in the field of real estate development and residential construction.

The acquisition, which is subject to approval by the Authority for Consumers and Markets (ACM). is expected to increase sales by more than 20%. Sales will then reach 2.2 billion euros, compared with Heijmans' sales of more than 1.8 billion euros in 2022. The parties expect to close the agreement in the third quarter of 2023.

Source: MenA
Source: fd.
Source: Heijmans