Zech Group and Gustav Zech Foundation to acquire BAM Deutschland.

Zech Group, a strategic management holding, and Gustav Zech Foundation agreed to acquire BAM Deutschland, a company providing construction services. The transaction, which is subject to approval of the competition authorities, is expected to close in October. Financial terms were not disclosed. "This transaction is a major step forward in delivering our strategy Building a sustainable tomorrow. BAM is focusing on growth markets in the Netherlands, United Kingdom and Ireland, where we have scale and competitive advantage. In other markets we are managing our subsidiaries for value and potential divestment. With Zech Group and Gustav Zech Foundation as the new shareholder, we have found a trusted partner and paved the way for the successful future of the company and its employees," Ruud Joosten, BAM CEO.