ABO-Group Acquires Délo Boringen to Expand Environmental Drilling Expertise
Deal News | Mar 27, 2025 | Globenewswire
ABO-Group Environment NV announced its first acquisition of 2025, purchasing a 70% majority stake in Délo Boringen BV, a Belgian company specializing in environmental drilling and sampling. The Van Reeth family, proprietors of Délo Boringen, will maintain a 30% stake and continue closely collaborating with ABO-Group. This acquisition is set to bolster ABO-Group's core offerings in soil studies and environmental sampling, expanding its service range with an emphasis on effective soil pollution management. The move aligns with ABO-Group's strategic aim to foster independence and family business continuity while integrating innovative techniques into their services. Délo Boringen, founded in 2003 and based in Schoten, is noted for its manual and mechanical drilling, soil sampling, and water sampling expertise. Meanwhile, ABO-Group Environment, listed on Euronext Brussels and Paris, is a significant player in engineering and environmental consultancy across various sectors globally. The transaction is expected to be finalized in Q2 2025.
Sectors
- Environmental Services
- Engineering and Consulting
Geography
- Belgium – Délo Boringen, the acquired company, is based in Belgium.
- Europe – ABO-Group Environment operates across multiple European countries, including Belgium, France, and the Netherlands.
Industry
- Environmental Services – The acquisition involves companies specializing in environmental drilling and consultancy, focusing on soil studies and pollution management.
- Engineering and Consulting – ABO-Group Environment offers engineering and consultancy services, making this sector relevant to the acquisition.
Financials
- 70% – Majority stake acquired by ABO-Group Environment in Délo Boringen.
Participants
Name | Role | Type | Description |
---|---|---|---|
ABO-Group Environment NV | Bidding Company | Company | An international engineering consultancy firm specializing in environmental services, based in Belgium. |
Délo Boringen BV | Target company | Company | A Belgian company specializing in environmental drilling and sampling studies. |
Van Reeth Family | Selling Company | People | The family retaining 30% ownership in Délo Boringen post-acquisition. |
Frank De Palmenaer | CEO | People | CEO of ABO-Group Environment. |
Karel Van Reeth | Founder and Executive | People | Founder of Délo Boringen and will remain actively involved post-acquisition. |