Royal BAM Group

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Royal BAM Group nv
Native name
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FormerlyN.V. Bataafsche Aanneming Maatschappij van Bouw- en Betonwerken v/h Firma J. van der Wal en Zoon (1928-1971)
Company type
Public (Naamloze vennootschap)
Euronext: BAMNB
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HeadquartersBunnik, Netherlands
Key people
Ruud Joosten (CEO), Henk Rottinghuis (Chairman of the Supervisory Board)
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Websitewww.bam.com

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Royal BAM Group nv (Template:Langx) is a Dutch construction-services business with headquarters in Bunnik, Netherlands. Based on revenue it is the largest construction company in the Netherlands.[2]

History

Road Construction by BAM Group

The company was founded by Adam van der Wal as a joiner's shop in 1869 in Groot-Ammers - a rural village in the Alblasserwaard region to the east of Rotterdam. At the end of the 19th century, Adam's son, Jan van der Wal, took over the business and worked as a construction contractor not only in the Alblasserwaard region but at further afield locations, including Vlaardingen and The Hague, where he soon opted to relocate to. Jan's son, Joop van der Wal, studied civil engineering in Delft prior to joining his father's company in 1926.[3]

During 1927, the business was renamed Bataafsche Aanneming Maatschappij van Bouw- en Betonwerken, in English, Batavian Construction Company for Construction and Concrete Projects plc. ('BAM'); it transitioned from being a family-owned firm into a 'naamloze vennootschap' (public limited company).[3]

The company was listed on the Amsterdam Stock Exchange in 1959. Starting in 1973, the company traded under the name BAM Holding N.V.[3]

When the company reached its 125th anniversary on 12 May 1994, it received the right to add 'Royal' to its name. It continued to expand through acquisition, such as its purchase of rival companies Interbuild (in 1998),[4][5] and Hollandsche Beton Groep ('HBG') (in 2002).[6][7]

In November 2006 Royal BAM issued a profit warning, and launched an investigation into the incurring of £78m of losses at its German construction subsidiary.[8] In July 2008, HBG was rebranded as Bam Construct UK.[9][10] In mid-2010 the company's share price was impacted by a rights issue.[11][12]

Several times during the 2010s Royal BAM produced poor fiscal results, attributed as the cause of job losses and a restructuring effort being launched in 2014.[13][14] While performance had reportedly recovered in the UK by 2016,[15][16] losses in both Germany and the Middle East were stated to have been incurred by the business towards the end of the decade.[17]

In July 2020, Royal BAM announced that it was winding down its 600-strong BAM International business due to consequences of the COVID-19 pandemic.[18][19] Up to 150 jobs were also to be cut at BAM Construct UK.[20] In September 2021 Royal BAM announced the sale of its German interests, which cumulatively produced an annual turnover of €500 million, to the German real estate and construction company Zech Group and the Gustav Zech Foundation.[21][22] Around this time, the management opted to concentrate on its core businesses in the UK, Ireland and the Netherlands.[23][24]

In October 2022, Dutch authorities (the Fiscal Information and Investigation Service and the Public Prosecution Service) visited BAM International bv offices in Gouda, in an investigation relating to potential irregularities at some completed projects; Royal BAM was "fully cooperating" with the investigation.[25] In July 2024, Royal BAM reported its UK construction business had suffered a £19.5m loss due to problems at Manchester's Co-op Live Arena, and would be cutting further jobs.[26]

Operations

BAM towercrane in Groningen

The company's major operations include:[27]

  • BAM Bouw en Techniek - Non-residential construction
  • BAM Wonen - Residential construction
  • AM - Area development
  • BAM Infra - Civil engineering in the Netherlands
  • BAM Interbuild - Non-residential and residential (apartments) building in Brussels and Flanders
  • BAM Construct UK (comprising BAM Construction and BAM Properties)
  • BAM Nuttall - Civil engineering in the UK (comprising BAM Ritchies - geotechnical)
  • BAM Contractors Ltd (BAM Ireland) - Building, civil engineering, facilities management, property and rail in Ireland (Formerly Ascon Contractors, Thomas Logan, Rohcon)
  • BAM Deutschland - Construction in Germany
  • Wayss & Freytag Ingenierbau - Civil engineering in Germany; as tunnelling specialist also active as joint venture partner in BAM's other home markets)
  • BAM International - Projects outside of Europe
  • BAM PPP - Investment company

Major projects

Major projects completed by the company include:

National Children's Hospital Ireland

The company is also responsible for the National Children's Hospital Ireland in Dublin which is facing significant time and cost overruns.[33][34][35][36] BAM had missed the 18th deadline in a row[37] to hand over the project, causing many to question why BAM are given any other contracts in Ireland at all. Pádraig Rice TD described BAM is holding the government by ransom.[38] The project was over budget by over €1.4 billion.[39] It is currently the 6th most expensive hospital in the world. [40]

References

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  1. ^ a b c d Page Module:Citation/CS1/styles.css has no content."Annual Report 2021". Koninklijke BAM Groep. 2021. Retrieved 23 November 2022.
  2. ^ Page Module:Citation/CS1/styles.css has no content.Published by Lars Kamer (9 January 2020). "• Netherlands: biggest construction companies based on revenue 2017". Statista. Retrieved 20 February 2020.
  3. ^ a b c Page Module:Citation/CS1/styles.css has no content."BAM plant 150.000 bomen ter gelegenheid 150e verjaardag". Bouw en Uitvoering. 8 January 2019. Retrieved 30 April 2026.
  4. ^ Page Module:Citation/CS1/styles.css has no content."Company profiles: Interbuild". NBM-Amstelland. 2000. Archived from the original on 10 July 2011.
  5. ^ Page Module:Citation/CS1/styles.css has no content."BAM buys NBM's construction arm". Hebels. 1 September 2000. Archived from the original on 24 July 2011.
  6. ^ Page Module:Citation/CS1/styles.css has no content."Royal BAM NBM completes takeover of HBG". Europe Real Estate. 15 November 2002. Archived from the original on 10 July 2011.
  7. ^ Page Module:Citation/CS1/styles.css has no content."HBG chief leaves following restructure at parent BAM". Building.co.uk. 23 April 2004.
  8. ^ Page Module:Citation/CS1/styles.css has no content.Cushnie, Lorraine (23 November 2006). "Royal BAM posts profit warning". Building.co.uk.
  9. ^ Page Module:Citation/CS1/styles.css has no content.Rogers, David (29 July 2008). "HBG rebrands as Bam". Construction News. Retrieved 28 June 2024.
  10. ^ Page Module:Citation/CS1/styles.css has no content."Royal Bam Group to rebrand HBG and Edmund Nuttall". Building.co.uk. 1 August 2008.
  11. ^ Page Module:Citation/CS1/styles.css has no content.Lowery, Dave (1 June 2010). "BAM parent company in £216m cash call". ConstructionNews.co.uk.
  12. ^ Page Module:Citation/CS1/styles.css has no content.Glackin, Michael (1 June 2010). "Cut price rights issue sinks Royal Bam share price". Building.co.uk.
  13. ^ Page Module:Citation/CS1/styles.css has no content.Pitt, Vern (8 October 2014). "Royal Bam axes 650 jobs". Building.co.uk.
  14. ^ Page Module:Citation/CS1/styles.css has no content.Withers, Iain (11 August 2014). "Royal Bam reassures investors after share price fall". Building.co.uk.
  15. ^ Page Module:Citation/CS1/styles.css has no content.Withers, Iain (18 February 2016). "Royal Bam back in the black". Building.co.uk.
  16. ^ Page Module:Citation/CS1/styles.css has no content.Champ, Hamish (23 August 2018). "Bam sees UK profits rise". Building.co.uk.
  17. ^ Page Module:Citation/CS1/styles.css has no content.Champ, Hamish (21 February 2020). "Royal Bam's profit halves in 2019". Building.co.uk.
  18. ^ Page Module:Citation/CS1/styles.css has no content.Price, David (3 July 2020). "Royal Bam suffers £133m half-year loss as coronavirus bites". ConstructionNews.co.uk.
  19. ^ Page Module:Citation/CS1/styles.css has no content.Rogers, Dave (6 July 2020). "Covid-19 blamed as losses pile up at Royal Bam". Building.co.uk. Retrieved 6 July 2020.
  20. ^ Page Module:Citation/CS1/styles.css has no content.Weinfass, Ian (6 July 2020). "Bam Construct axes up to 150 jobs". Construction News. Retrieved 6 July 2020.
  21. ^ Page Module:Citation/CS1/styles.css has no content.Rogers, Dave (10 September 2021). "Bam offloads German business". Building.co.uk.
  22. ^ Page Module:Citation/CS1/styles.css has no content.Price, David (9 September 2021). "Royal Bam sells German arm as it sharpens UK focus". ConstructionNews.co.uk.
  23. ^ Page Module:Citation/CS1/styles.css has no content.Rogers, Dave (26 November 2021). "Bam rejigs group structure to focus on growing UK business". Building.co.uk.
  24. ^ Page Module:Citation/CS1/styles.css has no content.Knott, Jonathan (17 February 2023). "Bam sees rising UK revenue despite civils challenges". ConstructionNews.co.uk.
  25. ^ Page Module:Citation/CS1/styles.css has no content."Dutch authorities investigate Bam projects". The Construction Index. 17 October 2022. Retrieved 17 October 2022.
  26. ^ Page Module:Citation/CS1/styles.css has no content.Morby, Aaron (25 July 2024). "BAM plans wave of job cuts at UK Construction arm". Construction Enquirer. Retrieved 25 July 2024.
  27. ^ Page Module:Citation/CS1/styles.css has no content."Organisation | Koninklijke BAM Groep / Royal BAM Group". Bam.com. Retrieved 2020-02-20.
  28. ^ Page Module:Citation/CS1/styles.css has no content."The making of Amsterdam Arena" (PDF). AmsterdamArena.nl. Archived from the original (PDF) on 3 December 2010.
  29. ^ Page Module:Citation/CS1/styles.css has no content."Antwerp Law Courts (Interbuild are part of Royal BAM Group)". RichardRogers.co.uk. Archived from the original on 19 July 2011.
  30. ^ Page Module:Citation/CS1/styles.css has no content."10 million euro orders for Olympic Stadium in Berlin and Euroborg Stadium in Groningen". imtech.eu. 8 April 2004. Archived from the original on 28 December 2010.
  31. ^ Page Module:Citation/CS1/styles.css has no content."HSL-Zuid Organisation". HSLZuid.nl. Archived from the original on 14 February 2008.
  32. ^ Page Module:Citation/CS1/styles.css has no content."Bam takes Co-op Live loss 'on the chin'". Construction News. 15 May 2024. Retrieved 24 July 2025.
  33. ^ Page Module:Citation/CS1/styles.css has no content.Kelleher, Olivia (6 October 2024). "National children's hospital: Construction firm BAM commits to June completion date". The Irish Times. Retrieved 30 April 2026.
  34. ^ Page Module:Citation/CS1/styles.css has no content."Cost of children's hospital could top €2bn, cttee told". 2023-07-12.
  35. ^ Page Module:Citation/CS1/styles.css has no content.Wall, Martin (14 January 2019). "Oireachtas to begin hearings into soaring cost of National Children's Hospital". The Irish Times. Retrieved 30 April 2026.
  36. ^ Page Module:Citation/CS1/styles.css has no content."Government 'being held to ransom' by contractor of the new National Children's Hospital". Irish Independent. April 30, 2026. Retrieved 2026-04-30.
  37. ^ Page Module:Citation/CS1/styles.css has no content.Moloney, Aisling (2026-04-30). "'We are beyond frustrated': National Children's Hospital unlikely to open this year, Public Accounts Committee hears". Irish Independent. Retrieved 2026-05-01.
  38. ^ Page Module:Citation/CS1/styles.css has no content.Moloney, Aisling (2026-05-01). "What are the latest twists in the National Children's Hospital saga uncovered at PAC?". Irish Independent. Retrieved 2026-05-01.
  39. ^ Page Module:Citation/CS1/styles.css has no content.Bowers, Shauna (2026-04-29). "An 18th National Children's Hospital completion deadline passes without fanfare". The Irish Times. Retrieved 2026-05-01.
  40. ^ Page Module:Citation/CS1/styles.css has no content.Gleeson, Colin (2025-01-31). "National Children's Hospital not world's most expensive healthcare facility, report finds". The Irish Times. Retrieved 2026-05-01.
  • Page Template:Sister-inline/styles.css has no content.Script error: No such module "Sister project logo". Media related to Script error: No such module "Commons link". at Wikimedia Commons
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