HAL completes acquisition of IQIP
Royal IHC has reached agreement on the sale of IQIP Holding to HAL Investments (HAL). Royal IHC had initiated a WHOA (Homologation Private Agreement Act) proceeding to convince all financial stakeholders of their financial restructuring plan including the sale of IQIP. Last week the court ratified this plan, and today the transfer of the shares has officially taken place.
Thanks to this transaction IQIP is able to strengthen and further expand the worldwide position as a leading foundation and installation specialist. The investment in its equipment and the new innovations of piling and installation equipment is needed to remain a reliable partner and support our customers, solve their challenges, and contribute directly to the energy transition. Robert Diepenbroek, CEO of IQIP, says, “We’re having a beautiful company, so much experience, knowledge and passion! Looking back we’re grateful to IHC who made the development and growth possible over the past decades. We’re entering a new era together with our new shareholder HAL, ready to realise more amasing projects together with our customers, suppliers and colleagues worldwide.”