HAL Trust — M&A Activity 2025

Oct 16, 2025

Press release HAL

HAL TO ACQUIRE VOLKERWESSELS NEDERLAND

HAL signed an agreement with Koninklijke VolkerWessels B.V. ('VolkerWessels') to acquire VolkerWessels Nederland B.V., consisting of the Dutch Construction and Property Development and Infrastructure activities of VolkerWessels, based on an enterprise value of € 1,600 million. In 2024, these activities generated a turnover of € 3,593 million and an EBITDA of € 296 million. In the first six months of 2025, these activities generated a turnover of € 1,786 million and an EBITDA of € 218 million.1

Completion of the transaction is subject to conditions customary for transactions of this nature, including approval by the relevant competition authorities and consultation with the central works council of VolkerWessels.

HAL Holding N.V. October 15, 2025 18h00

¹ Financial data not audited nor reviewed by an independent auditor. EBITDA on a pre-IFRS16-basis amounted to € 217 million (2024) and € 172 million (2025 H1), respectively.