€ 575 million raised, market capitalisation of approximately € 1,840 million
Amsterdam - 12 May 2017 – Euronext Amsterdam today welcomed Koninklijke VolkerWessels N.V. (ticker symbol: KVW), a leading integrated and diversified construction group. The listing follows the company’s successful Initial Public Offering (IPO), with a total offering of € 575 million.
The offering price was set at € 23.00 per share. Based on the offering price, the market capitalisation of the company on the day of listing was € 1,840 million.
VolkerWessels operates primarily in the Netherlands, the United Kingdom, North America and Germany and has leading positions in the markets it operates in. The company has an ecosystem of entrepreneurs and more than 120 local operating companies, with approximately 16,000 skilled employees. VolkerWessels practices a “think global, act local” mind-set. The majority of its annual 25,000 projects are locally sourced, small scale, with low complexity and high repetition, enabling a selective approach towards additional large, complex projects.
The listing on Euronext enables VolkerWessels to continue to build on its position as a market-leading construction company in its home markets.
Jan de Ruiter, chairman of the Management Board of VolkerWessels, said: “The listing of VolkerWessels at Euronext Amsterdam is another demonstration of the rich history of our company, the quality of our employees and the importance of our projects, both large and small. VolkerWessels will remain a financially solid company with an attractive dividend for shareholders and outstanding work for our clients. The listing further enhances our company awareness and the strength of the VolkerWessels brand.”
The chairman of VolkerWessels’ Management Board sounded the gong in Amsterdam to open today’s trading on Euronext’s markets.
VolkerWessels is a leading integrated and diversified construction group with a “think global, act local” mindset. VolkerWessels’ operating model combines a local sales and client focus with a centralised control and support structure at divisional level that optimises scale and expertise across its operating companies. VolkerWessels prides itself in developing local companies who are leaders in their respective subsectors, supported by strong governance and shared expertise. VolkerWessels operates primarily in the Netherlands, the United Kingdom, North America and Germany. Operationally, its business is organised in six segments. In the countries in which VolkerWessels operates it has over 120 local operating companies, which have national and regional offices and management. For more information: www.volkerwessels.com.