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Heijmans sells golf and landscaping operations via management buy-out


February 28, 2014 - London

Heijmans has sold the landscaping and golf operations of the Heijmans Roads business unit 'Sport & Groen' to the unit's current management team. Heijmans will retain the third component, 'Sport', comprising the construction of sports fields, accommodations and lighting. Approximately 100 employees, primarily field staff, will be transferred to the new company. The remaining approx. 10 employees involved in the 'Sport' sector will continue to be employed by Heijmans. The new company, which over the years came about through various mergers of business units of the Heijmans Group, will now enter a new phase.

The current management team, which since the formation of Heijmans Sport & Groen have been associated with the organisation, are the new owners of Golf & Groen. 'This management buy-out enables us to expand our services in the area of landscape maintenance, such as roof gardens and the construction of golf courses,' say the new owners of 'De Enk Groen & Golf'. 

The sports activities, which will remain part of Heijmans, fit in well with the development and optimisation of the integral proposition in the public space market segment. This is an important market segment for Heijmans Roads. Projects, such as the hockey field for the world championships in the Kyocera Stadion in The Hague, the sports accommodations of the future concept and products such as LED sports lighting, are examples of this.

The settlement of the sale will be completed over the next few months. During that time 'De Enk Groen & Golf' will move to a different location.

About Heijmans
Heijmans is a listed company that combines activities related to property development, residential building, non-residential, technical services and infrastructure. Heijmans is active in the Netherlands, Belgium and Germany. Our focus on quality improvements, integrated projects, sustainability and profitability enables us to provide added value for our customers. Heijmans realises integrated projects for residential consumers, companies and public sector bodies. With around 7,400 employees and € 2.1 billion in revenues in 2013, we are building the spatial contours of tomorrow. You can find the annual report, CSR report and innovation report for 2013 on our website www.heijmansjaaroverzicht.nl.

For more information/ not for publication:
Media:
Lonneke Wijnhoven
+31 73 543 52 17
lwijnhoven@heijmans.nl

Analysts:
Frank Heerens
+31 73 543 52 17
fheerens@heijmans.nl





This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Heijmans NV via Globenewswire

HUG#1765453

GlobeNewswire

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