Dutch investment company NPM Capital has backed a management buyout of engineering consulting firm Holland Railconsult. The company has been bought from Nederlandse Spoorwegen (Dutch Railways). The company’s management has taken the remaining 20 per cent stake.
NPM Capital plans to reduce its interest in the company to a minority shareholding in the first half of 2001. Fred Hoogeland, the sector director of management buyouts/buyins of NPM Capital, sees more opportunity for growth for Holland Railconsult as an independent company. “The company has the know-how and an innovative approach. If it is able to emphasise its unique features as an independent company, this will also contribute to its growth, both in the Netherlands and abroad” he said.
Holland Railconsult provides rail traffic solutions in the Netherlands and will expand its activities in Europe. The management expects turnover abroad to increase considerably in the coming years through organic growth and acquisitions. The company has already acquired experience in the UK, Ireland, Germany and Portugal.
Wim Jol, chairman of the management of the board of Railconsult, said: “We have the knowledge and experience to enable us to develop integrated solutions. In the coming years Holland Railconsult will focus strongly on the expansion of its activities outside of the Netherlands.”
Holland Railconsult expects to have a turnover of approximately E125m this year. The company is involved in projects such as the doubling of the rail link between Amsterdam and Utrecht. The company is also participating in the design and refurbishment of station areas and urban intersections, such as the Amsterdam Southern Axis.