PRESS RELEASE
The transformation of ourselves and our sister company Geldof has accelerated our growth. Over the last five years, we have evolved from being a metal construction company into being a contractor for turnkey projects in engineering and steel construction. We employ more than 300 people, have a busy order book, a solid balance sheet and are expecting a turnover of more than 170 million euro for the current financial year.
Our business plan aims to increase the group's turnover substantially. Engicon, holding company of Geldof and G&G, is therefore looking for an extra shareholder to support our expansion. A new financial or industrial partner must be able to accelerate our growth plan and bring economies of scale.
Some of our recent successful projects include the Vopak tank terminal in Amsterdam, Electrabel’s Max Green biomass power station in Gent, and an order for 30 foundations for the Riffgat offshore wind farm in the North Sea. After having positioned ourselves in the regulated growth market of renewable energy, we want to continue working on an international scale so that we can attract and deliver even more of these types of projects in future.
The strength that an extra partner should bring to Engicon can contribute to this, by increasing our capacity and growth. We are counting on our future partner to quickly develop our customer network and we also expect them to guarantee continuity with respect to our people, business culture and commitment to sustainable enterprise.
Our holding company Engicon has appointed corporate finance specialist Valorum to oversee this deal.
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