M&A Deal Summary

Royal Boskalis Westminster, Van Oord, National Marine Dredging and Jan De Nul N.V. Acquire Suez Canal - Project

On October 18, 2014, Royal Boskalis Westminster, Van Oord, National Marine Dredging and Jan De Nul N.V. acquired construction company Suez Canal - Project from Suez Canal Container Terminal S.A.E. for 1.5B USD

Acquisition Highlights
  • This is Royal Boskalis Westminster’s 1st, Van Oord’s 1st, National Marine Dredging’s 1st and Jan De Nul N.V.’s 1st transaction in the Construction sector.
  • This is Royal Boskalis Westminster’s , Van Oord’s , National Marine Dredging’s and Jan De Nul N.V.’s largest (disclosed) transaction.
  • This is Royal Boskalis Westminster’s 1st, Van Oord’s 1st, National Marine Dredging’s 1st and Jan De Nul N.V.’s 1st transaction in Egypt.

M&A Deal Summary

Date 2014-10-18
Target Suez Canal - Project
Sector Construction
Buyer(s) Royal Boskalis Westminster
Van Oord
National Marine Dredging
Jan De Nul N.V.
Sellers(s) Suez Canal Container Terminal S.A.E.
Deal Type Divestiture
Deal Value 1.5B USD

Target

Suez Canal - Project

Egypt
Suez Canal Project includes the construction of the parallel section of the canal with a length of approximately 50 kilometers to allow ships to simultaneously transit in two directions as well as the widening and deepening of a number of existing sections to a depth of 24 meters.

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Buyer(S) 4

Buyer

Royal Boskalis Westminster

Papendrecht, Netherlands

Category Company
Founded 1910
Sector Marine
Employees7,872
Revenue 3.0B EUR (2021)
DESCRIPTION

Royal Boskalis Westminster is a global maritime services company operating in the dredging and inland infra, and offshore energy sectors. Through SMIT Company are active in towage and salvage. Company deliver innovative one-stop solutions to major maritime challenges. Boskalis is active in projects in the energy and ports markets. Company main clients include oil companies, port operators, governments, shipping companies, international project developers, insurance companies and mining companies. Royal Boskalis Westminster was founded in 1910 and is based in Papendrecht, the Netherlands.


DEAL STATS #
Overall 3 of 5
Sector (Construction) 1 of 1
Type (Divestiture) 1 of 2
Country (Egypt) 1 of 1
Year (2014) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-21 Dockwise

Breda, Netherlands

Dockwise Ltd. is a marine contractor providing total transport services to the offshore, onshore and yachting industries as well as installation services of extremely heavy offshore platforms. The Group is headquartered in Breda, the Netherlands. The Group's main commercial offices are located in the Netherlands, the United States and China with sales offices in Korea, Australia, Brazil, Russia, Singapore, Malaysia, Mexico and Nigeria. The Dockwise Yacht Transport business unit is headquartered in Fort Lauderdale and has an office in Italy. The Dockwise Shipping network is supported by agents in Norway, Argentina and Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-12 PB Towage Australia - Harbour Towage Business

Port Botany, Australia

PB Towage Australia - Harbour Towage Business is a major player in Australia with activities along the Eastern coast stretching from Melbourne to the Cape York Peninsula.

Buy -
Buyer

Van Oord

Rotterdam, Netherlands

Category Company
Founded 1868
Sector Engineering
Employees5,200
DESCRIPTION

Van Oord is an international contractor specialising in dredging, marine engineering and offshore projects (oil, gas and wind). Van Oord was founded in 1868 and is based in Rotterdam, Netherlands.


DEAL STATS #
Overall 1 of 1
Sector (Construction) 1 of 1
Type (Divestiture) 1 of 1
Country (Egypt) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
Buyer

National Marine Dredging

Abu Dhabi,, United Arab Emirates

Category Company
Founded 1976
Sector Marine
DESCRIPTION

National Marine Dredging Company (NMDC) is a provider of dredging, reclamation, and marine construction work in the Middle East.


DEAL STATS #
Overall 1 of 1
Sector (Construction) 1 of 1
Type (Divestiture) 1 of 1
Country (Egypt) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
Buyer

Jan De Nul N.V.

Hofstade-Aalst,, Belgium

Category Company
Founded 1938
Sector Engineering
DESCRIPTION

Jan De Nul N.V. is a provider of civil engineering and dredging services.


DEAL STATS #
Overall 1 of 1
Sector (Construction) 1 of 1
Type (Divestiture) 1 of 1
Country (Egypt) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Suez Canal Container Terminal S.A.E.

Port Said,, Egypt

Category Company
Founded 2004
Sector Marine
DESCRIPTION

Suez Canal Container Terminal S.A.E. is a provider of terminal and transshipment hub on the Mediterranean.


DEAL STATS #
Overall 1 of 1
Sector (Construction) 1 of 1
Type (Divestiture) 1 of 1
Country (Egypt) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1