Heijmans strengthens smart metering market position through the acquisition of the Brinck Group
Heijmans is acquiring the Brinck Group BV in Zeewolde as a means of
strengthening its market position in supplying, installing, servicing and
maintaining smart gas, electricity, water and heat meters. The Brinck Group, one
of whose entities was founded in 1886, serves clients such as Vitens and
Liander, and employs approximately 95 persons. The activities of the Brinck
Group supplement and expand the activities of the Cable & Pipeline Systems
department of Heijmans Civil Engineering.
General Manager Gert Hagendoorn of the Brinck Group: 'Pooling strengths with
Heijmans enables us to continue to innovate and grow. In addition, we will be
conquering new markets in collaboration with Heijmans. Furthermore, we will be
gaining greater clout this way. Heijmans and Brinck complement each other.'
Bert van der Els, Heijmans CEO: 'The Brinck Group's activities perfectly match
our ambitions and facilitate the accelerated development of smart energy and
smart grids. This means that not only Heijmans Civil engineering, but Property
Development and Residential Building as well can increasingly unburden their
clients.'
Today Heijmans and the Brinck Group signed the agreement pursuant to which the
Brinck Group will become a 100% Heijmans subsidiary. The pooling of strengths is
consistent with Heijmans's ambition to evolve into a service provider on the
civil engineering market so that it can offer clients a comprehensive package
ranging from design and implementation to service and maintenance. Since the
Brinck Group also looks after the annually recurring calibration/verification of
water and energy meters, Heijmans can expand its service package to include
asset management.
The acquisition is consistent with the market trend towards decentralised energy
generation and the development of so-called smart grids. These networks supply,
transport and extract energy at times when weather conditions, supply and demand
are optimally matched. The smart meters also give consumers a comprehensive
overview of their consumption and consequently insight into the saving and
sustainability of energy. These insights furthermore help in developing more
sustainable homes and area development, and this way complement the activities
of Property Development and Residential Building.
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Source: Heijmans NV via GlobeNewswire
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