post
Bertrand van Ee, the current Chairman of DHV and Chairman of the Executive Board of the new company and Erik Oostwegel, current Chairman of Royal Haskoning and Vice Chairman, sign the Letter of Intent, 27th February 2012.
Engineering consultancies DHV and Royal Haskoning are delighted to announce their intention to merge. The new company will be one of Europe’s leading independent project management, engineering and consultancy service providers and will rank globally in the top 10 of independently owned, non-listed companies and top 40 overall.
The intended name of the new company will be Royal Haskoning DHV, whereby for continuation of the Royal designation, a request will be submitted. With its headquarters in Amersfoort, the Netherlands, the company’s 8,000 staff will provide services from more than 100 offices in over 35 countries. Together, they deliver solutions to clients in planning & transport, delta & water technology, maritime, aviation, industry & energy and buildings. The new combination will have a turnover in excess of € 700 million.
Bertrand van Ee, chairman of DHV and designated chairman of the Executive Board of the new company, comments “We are very excited about the opportunities for our clients and employees. This merger brings together an incredible pool of talent and immediately doubles our reach.”
Erik Oostwegel, chairman of Royal Haskoning and designated vice-chairman of the Executive Board of the new company says: “The synergy between the two companies is enormous. We have worked together on projects before, but this is a whole new ball game.”
The merger realises the ambitions of both founding companies to be an industry leader backed by a financially sound balance sheet. It accelerates their strategies for international expansion with combined knowledge and geographic bases in Europe, South Africa, Middle East and Asia. The new company will be a significant global player in the maritime, water and delta technology markets and a major party in aviation, mobility and infrastructure.
Clients, business partners, employees and other stakeholders will benefit from:
- An extended suite of engineering and consultancy products and services
- Increased network of offices to locally deliver our world-class solutions
- Access to additional opportunities for diversification and growth
Both Royal Haskoning and DHV are independent, trust-owned, non-listed companies. The transaction will be a merger of equals, whereby the new company will also remain independent and wholly trust-owned. Common values are an important part of the equation. The companies share a profound commitment to business integrity, sustainable development and enhancing society. Each has a proud heritage of bringing leading expertise and innovation to the market.
The Letter of Intent for the merger was signed by both parties yesterday. Signing of the Merger Agreement is scheduled for mid-summer, after the due diligence and after all approvals, customary to this type of transaction, have been obtained.