ABO-Group Environment Expands with Délo Boringen Acquisition
ABO-Group Environment's Strategic Acquisition of Délo Boringen
ABO-Group Environment NV is excited to announce a significant step forward in its journey for growth in the environmental sector with the acquisition of Délo Boringen BV, a reputable name in environmental research and drilling.
Strengthening Service Offerings
This acquisition, marking the company’s first move of the year, grants ABO-Group a 70% stake in Délo Boringen, intensifying its service portfolio especially in environmental drilling. The Van Reeth family, who has played a crucial role in Délo Boringen's evolution, will continue to be part of the team as they collaborate closely with ABO-Group Environment.
Expert Services from Délo Boringen
Délo Boringen specializes in a variety of services that cater to the needs of environmental research, including manual and mechanical drilling, undisturbed soil sampling, and water sampling, as well as essential services for demolition monitoring.
Future Prospects for Innovation
Karel Van Reeth, the founder of Délo Boringen, expressed his enthusiasm regarding the acquisition, highlighting the essential partnership that has existed between Délo Boringen and ABO-Group over the years. He shared, "ABO-Group has been a key customer for us, and our collaboration has been outstanding. As a smaller company, collaborating with ABO-Group secures our future and allows us to innovate in drilling techniques. I look forward to expanding our family business within ABO-Group's framework."
Preservation of Family Business Integrity
Frank De Palmenaer, CEO of ABO-Group Environment, acknowledged the significance of maintaining Délo Boringen's family-owned business culture. He stated, "Our goal is to support Délo Boringen while ensuring its independence remains intact. We are eager to enhance their operational capabilities by investing in innovative technologies that meet industry demands. The family shareholders will retain 30% of the company's shares, fostering ongoing family involvement and ensuring stability as we move forward."
Completion Timeline and Expectations
The acquisition is expected to be finalized in the upcoming months, setting the stage for a combined force poised to tackle environmental challenges more effectively.
About Délo Boringen
Founded in 2003, Délo Boringen has positioned itself as a forefront player in Belgium's environmental drilling landscape. Their customer-centric approach and commitment to high-quality project execution have been pivotal in their success, providing a comprehensive range of services that include both manual and mechanical drilling tasks, as well as initiatives centered on soil and water quality assessment.
About ABO-Group Environment
ABO-Group has evolved significantly since its inception in 1995 as a consultancy firm focused on soil investigations. Today, it stands as an international engineering firm that addresses all aspects of environmental and soil quality, remediation, and monitoring. With more than 800 experts dedicated to a variety of fields, ABO-Group is equipped to tackle complex projects in construction, infrastructure, energy, and beyond.
ABO-Group Environment is publicly traded on EURONEXT Brussels and EURONEXT Paris.
Frequently Asked Questions
What is the significance of the acquisition of Délo Boringen by ABO-Group?
This acquisition strengthens ABO-Group Environment's service offerings in environmental drilling, allowing for enhanced collaboration in innovative techniques.
Will the Van Reeth family remain involved after the acquisition?
Yes, the Van Reeth family will continue to be involved with Délo Boringen, ensuring continuity and a commitment to the original values of the company.
What services does Délo Boringen provide?
Délo Boringen specializes in environmental drilling, soil sampling, and water sampling, contributing valuable insights to environmental research.
What are the key benefits ABO-Group aims to achieve from this acquisition?
ABO-Group aims to broaden its expertise and service capabilities in the environmental sector, providing enhanced support and innovative solutions to challenges in soil contamination.
When is the acquisition expected to be completed?
The acquisition is projected to be finalized in the upcoming second quarter, setting the stage for strategic growth.
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