Royal BAM Group nv (Dutch: Koninklijke BAM Groep nv) is a Dutch construction-services business with headquarters in Bunnik, Netherlands. It is the largest construction company based on revenue in the Netherlands.[2]
Native name | Koninklijke BAM Groep nv |
---|---|
Formerly | N.V. Bataafsche Aanneming Maatschappij van Bouw- en Betonwerken v/h Firma J. van der Wal en Zoon (1928-1971) |
Company type | Public (Naamloze vennootschap) |
Euronext: BAMNB | |
Industry | Construction |
Founded | 1869 |
Headquarters | Bunnik, Netherlands |
Key people | Ruud Joosten (CEO), Henk Rottinghuis (Chairman of the Supervisory Board) |
Revenue | €7,315 million (2021)[1] |
€278.4 million (2021)[1] | |
€18.1 million (2021)[1] | |
Number of employees | 15,739 (FTE, average 2021)[1] |
Website | www.bam.com |
The company was founded by Adam van der Wal as a joiner's shop in 1869 in Groot-Ammers - a rural village in the Alblasserwaard region, which lies east of Rotterdam.[3] It was renamed Bataafsche Aanneming Maatschappij van Bouw- en Betonwerken, in English, Batavian Construction Company for Construction and Concrete Projects plc. ('BAM') in 1927. When the company reached its 125th anniversary on 12 May 1994, it received the right to add ‘Royal’ to its name and it continued to expand through acquisition, buying Interbuild in 1998,[4] NBM-Amstelland in 2000[5] and Hollandsche Beton Groep in 2002.[6]
In July 2020, Royal BAM announced it was winding down its 600-strong BAM International business, blaming the COVID-19 pandemic for mounting losses.[7] Up to 150 jobs would also be cut at BAM Construct UK.[8]
In October 2022, Dutch authorities (the Fiscal Information and Investigation Service and the Public Prosecution Service) visited BAM International bv offices in Gouda, in an investigation relating to potential irregularities at some completed projects. Bam was "fully cooperating" with the investigation.[9]
The company's major operations include:[10]
Projects completed by the company include the Amsterdam Arena football stadium for AFC Ajax in Amsterdam completed in 1996,[11] the Antwerp Law Courts completed in 2005[12] and the Euroborg football stadium for FC Groningen in Groningen completed in 2006.[13] The company was part of the Infraspeed consortium which handed over the HSL-Zuid high-speed railway line for commercial use in 2009.[14]