Today, Low & Bonar announced that it has come to an agreement concerning the sale of the Civils business to Nimbus, a Netherlands based private equity fund.
The sale covers both Low & Bonar Hungary kft (Hungary) and Low & Bonar NV (Belgium). The transaction is expected to complete by 31 August 2019, subject to the fulfilment of a limited number of conditions in the sale agreement.
This transition should allow us, as a Civils business, to further grow and strengthen our market position. We look forward to the future under new ownership, where we will continue to work together with our customers to offer the best products and services possible.
Further details will be announced when available.
If you have any questions about this, please do not hesitate to contact us or your regular contact person.
You can read the full announcement here