HAL Holding, the target's long-standing anchor investor since 1989, has successfully finalized the acquisition of 100% of the common stock of Royal Boskalis Westminster. This transformative transaction marks the end of the organization’s 51-year public listing on Euronext Amsterdam, transitioning the entity into a private subsidiary under the acquirer’s industrial portfolio. The strategic rationale for the move centers on providing a stable, private environment for the target to navigate the high-stakes, capital-intensive transition of the global maritime and offshore energy sectors. By removing the organization from public market volatility, the acquirer aims to foster long-term investments in specialized naval assets and digital maritime technologies. The partnership is designed to optimize the target’s role within the group's broader maritime ecosystem, which includes significant interests in terminal operations, offshore engineering, and specialized shipping. This integration reinforces the group’s standing as a primary consolidator of Dutch maritime excellence, providing the strategic depth required to solve complex global water and energy challenges. The transaction was executed via an all-cash public offer, resulting in a successful delisting and full operational alignment between the two organizations.

ROYAL BOSKALIS WESTMINSTER, which reported an EBITDA margin of LOGIN in 2021, is valued in this transaction at an EV/EBITDA multiple of LOGINcurrently observed in the Construction & Real Estate sector.

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