Gimv creates strong national player for underground infrastructure through strategic combination of Baas-Verkley

The investment in Verkley announced last April will be expanded through a strategic merger with Baas. The combination creates a strong national player active in the design, construction and maintenance of essential infrastructure for energy, water and telecommunications. The outgoing CEO of Baas, Tiemen Schra, will remain involved after the transaction as a shareholder and member of the supervisory board. The management of the Baas-Verkley merger will be made up of Pieter Elzinga, current regional director of Baas Infra Noord and Jacob de Graaf, current CFO of Baas.

A crucial link in the energy transition is the need to extend and strengthen infrastructure for electricity, water and telecommunications. Figures show that by 2050, one in three streets in the Netherlands will need to be demolished for the transition to a sustainable energy system. In addition, the ever increasing demand for faster internet means that many homes will be connected to the fiber optic network. Such complex infrastructure works require partners who can guarantee quality, security, continuity and great flexibility in the planning and execution of large assignments.

While Verkley (Drachten – NL, www.verkley.nl) is active in the construction and maintenance of underground infrastructure in the north of the Netherlands with specialized expertise in the field of horizontal directional drilling, Baas (Capelle aan den IJssel – NL, www .baasbv.nl) is a national player in the construction of energy infrastructure with additional services in the field of fiber optic networks and installations in buildings. In addition, in recent years, Baas has focused heavily on the design of energy networks, sustainable heating networks, recharging stations and battery storage. These complementary areas of expertise make the Baas-Verkley merger a strong, multidisciplinary and stable player for the future. With around 750 permanent employees and around 350 flexible workers, the suit can respond quickly and flexibly to important customer projects.

Tiemen Schra, outgoing CEO of Baas and future member of the supervisory board, said:“I see Gimv’s membership as an important prerequisite for further expanding and strengthening our market position and our growth ambitions in the energy transition and smart society in the years to come. The entry of Verkley also creates a strategic combination and a strong Dutch player that allows us to offer innovative and technologically complex solutions across the spectrum of the energy transition by combining know-how and know-how. “

Pieter Elzinga, CEO of Baas-Verkley since the transaction, adds:“The combination of Verkley’s expertise and the arrival of Gimv as a shareholder will allow us to respond even better to our clients’ ambitions. The integration of such experienced partners, while retaining Tiemen as a co-shareholder and member of the supervisory board, results in a decisive organization, ready for future growth.

Rombout Poos and Roland Veldhuijzen Van Zanten (Gimv) form the transaction team and structure it as follows: “We are very impressed with the position Baas has built over the past few years and are confident that the strategic merger with Verkley will contribute to the continued energy and water transition in the Netherlands. The visions and ambitions of companies and management teams align well with the strategy of our Sustainable Cities platform. “

The transaction is subject to customary closing conditions, including approval from the competition authorities. No other financial details on this transaction are published.

Disclaimer

GIMV Investeringsmaatschappij Voor Vlanderen NV published this content on November 02, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on 02 November 2021 16:59:11 UTC.

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