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May 17, 2008
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Management and staff buy Holland Railconsult
Published:  January 04, 2006

Holland Railconsult's management and staff have taken over the majority of shares from principal shareholders ABN Amro and NPM Capital. The management and staff of the Utrecht-based engineering consultancy now hold 74% of shares. "A company like ours depends heavily on the commitment of its staff," said board of management chairman Wim Jol. "The fact that over 50% of them have invested in the company obviously says a lot about their commitment and their confidence in the future of Holland Railconsult.” Van Lanschot Bankiers, which holds the remaining 26%, structured and financed the buy-out and is also setting up the staff participation agreement.

Holland Railconsult was originally part of the Dutch railways, becoming independent in 1995 before being privatised under a management buy-out in 2001. At that time, 75% of shares were sold to NPM Capital and ABN Amro Participaties, with the other shares owned by management and staff.

  • Holland Railconsult group's Warsaw-based subsidiary Movares Polska acquired Polish engineering consultancy BPK of Lublin last month. BPK has been in business for more than 50 years and covers all railway disciplines. The acquisition will enable Movares Polska to take full advantage of growing European investment in Polish railway infrastructure, said general director Piotr Abramczyk.