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Grontmij Sells Asset for €67 million
Grontmij sells French monitoring & testing business for €67
Siparex
Tuesday, July 16, 2013 - 08:33
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Grontmij Sells Asset for €67 million

On Tuesday, Dutch engineering company Grontmij announced that it has decided to sell its French monitoring & testing business for €67 million. [[{"type":"media","view_mode":"media_large","fid":"25689","attributes":{"class":"media-image size-medium wp-image-3424 ","typeof":"foaf:Image","style":"","width":"300","height":"199","alt":"Grontmij "}}]] Grontmij
Kringlerne/flickr

Grontmij will be selling the asset to a group of investors directed by private equity investment specialists Siparex. The group of buyers also consists of Cathay Capital, Bpifrance Investissement, and BNP Paribas Développement. In a shared report with Grontmij, Siparex said the French unit evaluates building materials and creates geotechnical studies. The selling of the French business is worth €71 million, inclusive of debt. This move will enable Grontmij to lessen its liability and concentrate on its engineering activities. Source: Reuters

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