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| BAM acquires A.Hak Royal BAM Group nv has reached an agreement to acquire A.Hak, a leading specialist in underground infrastructure. A.Hak is a leading Dutch company in underground infrastructure with expected revenues of circa €425 million and an adjusted EBITDA margin of circa 10% in 2026. The company mainly serves utility companies and transport and distribution network operators through long-term framework agreements and has an order backlog for the 2027-2031 period of €1.0 billion. The transaction values A.Hak at an enterprise value of €504 million. The acquisition will be immediately accretive to free cash flow, with A.Hak's adjusted EBITDA expected to increase to €65–75 million in the medium term. A.Hak generates approximately 85% of its revenue in the Netherlands and also operates in the United Kingdom and Belgium. The transaction is expected to close in the first quarter of 2027. write your comments about the article :: © 2026 Construction News :: home page |