Ginger acquisition offers new opportunities for Grontmij
Grontmij looks set to become one of the largest engineering consultancies in Europe following its proposed takeover of French engineering group Ginger, a leading player in the environmental planning sector. Grontmij is buying 51.8% of Ginger's shares, and will launch a mandatory public offer of Euros 28.20 per share.The deal, once finalised, will create the fourth largest European consultancy - it will have a €1.1B revenue - with strong positions in the Netherlands, France, Denmark, the UK, Sweden, Germany, Belgium and Poland.
Ginger will give Grontmij access to an international client base including some of the largest construction, energy, transportation and telecom companies in Europe, as well as government organisations.
This will provide Grontmij with the ability to cross sell some of its complementary services, such as water or energy projects, into the Ginger client base.
Sylvo Thijsen, chief executive officer at Grontmij, said: "The acquisition creates a formidable partnership of two leading engineering consultancy firms in Europe.
"Ginger has a strong and long-standing track record of profitable growth and a strong market position in France as well as an excellent client base and experienced management.
"With the acquisition of Ginger we further deliver on our strategy to become the leading European sustainable design, engineering and management consultancy company for the built and natural environment."
Jean-Luc Schnoebelen, Ginger's chief executive officer, added: "Grontmij and Ginger are a perfect match in terms of their geographical presence, service and expertise.
"We are convinced that the combination of Grontmij and Ginger will create new and exciting business opportunities and provides true added value for all our stakeholders."