Transaction summary

ALKMAAR, 10 December, 2021 – Alliander Corporate Ventures (“Alliander”) has signed today a definitive agreement to sell Stam & Co, a network infrastructure contractor from Alkmaar, to the Van Gelder Groep (“Van Gelder”).

With the sale of Stam & Co, Alliander bids farewell to its own contractor. This is the result of the new contracting strategy that was launched in 2021. The aim of this contracting strategy is to be capable of realising the growing work package together with contractors at the lowest possible social costs, while maintaining reliability of the grid. The work package has increased enormously in recent times due to increase in housing demand, dismantling of natural gas and making the energy production more sustainable.

Under Van Gelder, Stam & Co can develop further as a full-fledged infrastructure company and achieve more economies of scale. Stam & Co will remain an independently operating company, operating under the same name. All 137 employees will be transferred. Nothing changes for their work. Henri van der Kamp, general manager of the Van Gelder Group, welcomes the new colleagues with open arms. “Just like Stam & Co, Van Gelder is a Dutch family business and has more than 100 years of experience in underground and above-ground infrastructures. The acquisition of this great Alkmaar company fits well within Van Gelder's strategy. In order to be able to continue to contribute in a reliable and professional manner to increasing the network capacity of, among others, DSO Liander, scaling up is necessary. Together with the professionals of Stam & Co, we are working on a future-proof, smart and sustainable infrastructure.

Both parties look forward with great confidence to further cooperation in the future. In this they work together for a sustainable future, with a safe and reliable energy network. The acquisition is still being submitted to ACM for approval.

Official press release: link

Emendo Capital acted as exclusive financial adviser to Alliander.

About Stam & Co

Stam & Co is a leading multi-disciplinary company in the network infrastructure market – strategically located in North-Holland – and active in the (re)construction and removal of underground infrastructure systems with areas of expertise in pipelines and cables for E&G, water, rail and telecom. Stam & Co was founded in 1951 as a cable welding company and acquired by Alliander in 2010 to bring contracting knowledge within the network operator. Its core activities consist of installation and remediation work for the gas and electricity market.

For additional information on Stam & Co, visit https://www.stamenco.nl/

About Alliander

Alliander is a large Dutch network company. Alliander maintains and renews the energy network with 7,000 professionals. In addition, Alliander devises and realises innovative solutions for complex issues in the field of the energy transition. In this way, Alliander is preparing the energy grid in a large part of the Netherlands for the future. Alliander does this in the interest of society to keep energy reliable, affordable and accessible for everyone. Grid operator Liander, part of Alliander, has the statutory duty to manage and develop the gas and electricity grid. Other companies within Alliander contribute to a future-proof energy network with products and services. As an independent party, Alliander provides customers and governments with insights that help them develop their energy supply. With their knowledge and expertise, Alliander assists the Netherlands to make the right choices in the energy transition.

For additional information on Alliander, visit https://www.alliander.com

About Van Gelder

Van Gelder is a leading Dutch full-service infrastructure company. Van Gelder designs and realises sustainable underground and above-ground infrastructure solutions. They also manage and maintain infrastructure. Van Gelder does this with and for companies and governments in the Netherlands. The approach is integral and data-driven. With more than 1,100 passionate colleagues and more than 100 years of experience, Van Gelder contributes to making the Netherlands more sustainable, safer and accessible.

For additional information on Van Gelder Groep, visit https://vangelder.com/