Sale of Gebr. Van Leeuwen Boringen B.V. Concluded

NIEUWEGEIN, The Netherlands, December 23, 2013 /PRNewswire/ --

On 20 December 2013, Ballast Nedam has sold its 100 percent subsidiary Gebr. Van Leeuwen Drilling BV. to Kleywegen Groep. Gebr. Van Leeuwen Drilling BV has 31 employees and focuses on performing trenchless techniques for the construction of cables and pipes.

The sale of Gebr. Van Leeuwen Drilling BV was announced at the end of last month and is in line with Ballast Nedam's objective of strengthening its financial position.

Ballast Nedam engages in integrated projects in The Netherlands in four areas of work: housing, mobility, energy and nature. Within this area we focus on the niche markets: industrial construction, offshore wind turbines, secondary raw materials and alternative fuels. In a number of areas of expertise, we also operate internationally. The Ballast Nedam share is included in the Amsterdam Small Cap Index (AScX) of NYSE Euronext.

Ballast Nedam's approach is based on life cycle thinking and acting: we develop, construct, manage and recycle. We are involved in long-term management, maintenance and operation of projects and organize financial feasibility. Our supply and specialized companies deliver competitive edge through innovation, cost leadership and purchasing strength. Ballast Nedam's range of services is shifting towards modular products and specific product-market combinations with greater added value.

Ballast Nedam creates enduring quality combined with lower life cycle costs for its customers and society. http://www.ballast-nedam.com