ZECH Building to acquire Wayss & Freytag from Royal BAM Group for $53m.

ZECH Building, a provider of construction services, agreed to acquire Wayss & Freytag, a provider of civil engineering services, from Royal BAM Group, a European construction group, for $53m. "We are pleased that with ZECH Building as the new shareholder for Wayss & Freytag Ingenieurbau, we have found a reliable partner to continue the further successful future of the company and its employees. Zech Group also acquired the activities of BAM Deutschland in the autumn of 2021. We consider the current transaction as a major step in the portfolio adjustment of our Group, based on our strategy Building a sustainable tomorrow. BAM focuses on growth markets in the Netherlands, the United Kingdom and Ireland, where we have scale and competitive advantage," Ruud Joosten, Royal BAM Group CEO.