The acquisition will allow GMB to take over all employees, equipment and activities regarding installing liners from Insituform® Netherlands.
After the takeover, GMB will be a market leader in the Netherlands for pipe renovation through relining.
This acquisition will expand GMB’s portfolio of techniques and applications as well as strengthening its position outside the municipal market by expanding the activities of Insituform Netherland for industrial clients and drinking water companies.
The company will additionally contribute to the development of renovation products for the European market by supplier, Aegion Corporation.
Both GMB and Insituform Netherlands are both of a similar size and will create a company with approximately 100 employees and a turnover of €35 million (US$39 million).
The agreement was placed into effect on 11 October 2019.
For more information visit the GMB website.
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