Ballast Nedam, Van Oord Consider Merger
Ballast Nedam NV, Zeist, the Netherlands, is considering a merger with Van Oord BV or Gorinchem, the Netherlands. Ballast Nedam CEO Rene Kottman said that the companies’ activities complement each other well and that the merger would benefit both.
Ballast Nedam is the fourth largest construction company in the Netherlands. With a fleet of 24 dredges, they are in joint venture with Great Lakes Dredge and Dock on the hopper dredges Dodge Island, Sugar Island, Manhattan Island, Padre Island and Northerly Island.
Van Oord is active throughout the world in dredging, marine construction and offshore services, and has a fleet of 22 dredges and auxiliary equipment.