Livingstone Congratulates the Shareholders of RH Marine and Bakker Sliedrecht on the Successful Sale to VINCI Energies

Livingstone is pleased to announce that the firm’s Benelux team has advised RH Marine Netherlands B.V. (“RH Marine”) and Bakker Sliedrecht Electro Industrie B.V. (“Bakker Sliedrecht”) on the sale to VINCI Energies. Livingstone acted as exclusive sell-side advisor to RH Marine and Bakker Sliedrecht.

VINCI Energies has successfully acquired the shares of RH Marine and Bakker Sliedrecht, two leading technical service providers in the maritime and energy sectors. Together, they achieved a combined annual revenue of approximately €160 million in 2023, supported by a dedicated workforce of 620 employees. As a leading technical service provider with a strong presence in the energy transition and digital transformation sectors, VINCI Energies will hold a majority stake in this partnership.

RH Marine is a leading systems integrator, established in 1860, specializing in the engineering, integration, and maintenance of custom automation and electrical solutions for the maritime industry. Drawing on its extensive expertise and experience, RH Marine provides innovative solutions for all ship-supporting platform systems, from engineering and system integration to installation, commissioning, maintenance, and life cycle support. RH Marine holds a prominent position in the defence and superyacht sectors.

Bakker Sliedrecht has emerged as a key player since its founding in 1919, specializing in the design, installation, and maintenance of electrical systems and onshore infrastructures for the nautical, dredging, offshore, and land-based industries. With deep expertise in electrical system integration, automation, and high- and low-voltage solutions, Bakker Sliedrecht delivers comprehensive services across these industries. The company is recognized as a specialist in dredging and offshore vessels, as well as specific land-based installations.

VINCI Energies, a global leader in concessions, energy, and construction, employs 280,000 people in over 120 countries. The company designs, finances, builds, and operates infrastructure to improve daily life and mobility. Committed to environmental and social responsibility, VINCI Energies actively engages stakeholders in its public projects and aims to create long-term value for customers, shareholders, employees, partners, and society.

Through this transaction, VINCI Energies strengthens its position in the maritime services market and expands its presence in the Netherlands. By acquiring RH Marine and Bakker Sliedrecht, VINCI Energies gains specialized expertise, enhancing its industrial portfolio and creating new opportunities for growth and collaboration in the maritime sector. RH Marine and Bakker Sliedrecht find a strong partner in VINCI Energies, positioning them for long-term success in providing clients with more innovative, high-quality, and sustainable solutions. VINCI Energies’ expertise in electrical and automation solutions complements that of RH Marine and Bakker Sliedrecht, supporting the execution of their expanding order portfolios. This partnership enhances their ability to meet client needs and strengthens their competitive position in the market.

Hugo Loudon, Managing Director at RH Marine, said: “By joining VINCI Energies, both RH Marine and Bakker Sliedrecht are better positioned to support our clients with more innovative, high-quality, and sustainable solutions. Additionally, VINCI Energies is an inspiring organization with a culture that aligns well with ours, providing an environment where our employees can continue to develop.”

Jos van Uden, Managing Director at VINCI Energies NL, commented: “The activities of both companies complement VINCI Energies’ portfolio, offering a valuable addition that strengthens our market position in the maritime sector. The expertise and knowledge of these companies align closely with the services provided by our business units focused on the industrial sector. I see many opportunities for collaboration and knowledge sharing. I am pleased to welcome RH Marine, Bakker Sliedrecht, and their employees to our organization.”

The transaction will be submitted to the Dutch competition authority, the Authority for Consumers & Markets (ACM), and is anticipated to be completed before the end of the year.

For further information, please refer to the press release by VINCI Energies.