Heijmans N.V. - Introduction

Introduction

Graafsebaan 13
's-Hertogenbosch NL-5248 JR
The Netherlands
Telephone: ( +31) 73 528 91 11
Fax: ( +31) 73 528 93 00
Web site: http://www.heijmans.nl

Public Company
Founded: 1923
Employees: 10,018
Sales: EUR 2.6 billion ($3 billion) (2003)
Stock Exchanges: Euronext Amsterdam
NAIC: 237310 Highway, Street, and Bridge Construction; 237110 Water and Sewer Line and Related Structures Construction; 237990 Other Heavy and Civil Engineering Construction; 531210 Offices of Real Estate Agents and Brokers

Heijmans N.V. has built a road to the number three position in the Netherland's construction industry, trailing only Koninklijke Volker Wessels Stevin and BAM. Headquartered in 's-Hertogenbosch, in the Netherlands, Heijmans owes its growth to a steady stream of acquisitions throughout the 1990s and into the 2000s, including Koninklijke IBC, completed in 2001, and the United Kingdom's Leadbitter, in 2003. Heijmans operates through four primary divisions. Homes & Offices encompasses the group's property development and home and office construction business, chiefly through subsidiaries Heijmans IBC Vastgoedontwikkeling and Heijmans IBC Bouw. Traffic & Transport, the company's historical activity, is chiefly operated under the Heijmans Infrastructure division, and specializes in the design, development, construction, and maintenance of roads and other transport infrastructure projects. Industry & Production includes Heijmans construction services for the industrial sector, and also manufacturers and distributes building materials, including prefab hulls, concrete, brickwork, roofing, and insulating plates. The company's fourth division is Heijmans International, which is leading the group's development beyond the Netherlands into Belgium, Germany, and the United Kingdom. The Netherlands nonetheless remains by far the group's strongest market, at 84 percent of its EUR 2.6 billion sales in 2003. Heijmans, along with others in the Dutch construction industry, has run afoul of the Netherlands' competition authorities, facing charges of price fixing, market sharing agreements, and other anti-competitive practices. In response, the company has developed a new charter for good conduct. Heijmans is listed on the Euronext Amsterdam Stock Exchange. Guus Hoefsloot was named chairman of the company in 2004.