Dlo Boringen Joins Forces with ABO-Group Environment
Deal News | Mar 27, 2025 | Globenewswire
ABO-Group Environment NV has announced its inaugural acquisition of 2025, taking over 70% of Dlo Boringen BV, a Belgian leader in environmental sampling and drilling services. The acquisition aims to augment ABO-Group's capabilities in soil research and sampling, areas critical for addressing soil contamination. The Van Reeth family, founders of Dlo Boringen, will continue to play a strategic role in the management, ensuring the company's continuity under the new ownership structure. CEO Frank De Palmenaer of ABO-Group emphasized the importance of maintaining the independence and family-oriented management culture of Dlo Boringen while supporting the company with investments and innovative solutions. The deal is set to conclude in the second quarter of 2025, marking an important milestone in ABO-Group's expansion strategy in environmental engineering.
Sectors
- Environmental Services
- Engineering and Consulting
Geography
- Belgium – The target company, Dlo Boringen, is based in Schoten, Belgium, and the acquisition reinforces ABO-Group's operations within this geography.
- Europe – ABO-Group operates across Belgium, France, and the Netherlands, highlighting the regional focus of the acquisition within Europe.
Industry
- Environmental Services – The article centers around the acquisition of Dlo Boringen, a company specializing in environmental sampling and drilling, which aligns with the environmental services industry.
- Engineering and Consulting – ABO-Group Environment, the acquiring company, is an international engineering firm offering consultancy and engineering solutions across environmental and soil-related fields.
Financials
- 70% – The acquisition involves ABO-Group taking a 70% majority stake in Dlo Boringen.
- 30% – The Van Reeth family, founders of the target, retain a 30% shareholding.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| ABO-Group Environment NV | Acquiring Company | Company | An international engineering firm listed on EURONEXT, specializing in environmental services. |
| Dlo Boringen BV | Target Company | Company | A Belgian specialist in environmental sampling and drilling based in Schoten. |
| Karel Van Reeth | Management/Retained Leadership | Person | Founder of Dlo Boringen, remaining in management post-acquisition. |
| Frank De Palmenaer | CEO | Person | CEO of ABO-Group Environment, commenting on the acquisition strategy. |