Bam completes sale of German subsidiary Wayss & Freytag Ingenieurbau

Dutch contractor Royal Bam Group has completed the sale of its German operating company Wayss & Freytag Ingenieurbau to German rival Zech Group.

Announced in June 2022, the acquisition will generate €50m in profit and improve the company’s balance sheet.

Wayss & Freytag Ingenieurbau has 1,000 employees, annual revenue exceeding €500m and specialises in civil engineering and tunnel construction.

It is currently working on the Femern Belt tunnel between Germany and Denmark, as well as a 7km tunnel linking Munich’s main station with its eastern hub and an extension of the A10/A24 highway near Berlin.

The deal will allow Bam to move into growth markets in the Netherlands, the UK and Ireland.

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