Foundation specialists De Waal and 2Fund join forces

Transaction:

The Mechelen-based construction group Willemen Group is selling its foundation technology division to the Kortrijk-based company 2Fund. 2Fund is taking over the companies De Waal Solid Foundations and Studiebureel Sondex, which have branches in Lokeren and Oostende.

The sale is part of Willemen Groep’s recovery plan, while 2Fund is expanding its activities and increasing its market share with this acquisition.

VDP acted as the exclusive advisor to De Waal Solid Foundations and the Willemen Groep.

De Waal Solid Foundations:

De Waal Solid Foundations is a specialist in foundation and retaining techniques, while its subsidiary Sondex specializes in performing geotechnical investigations through soundings.

De Waal Solid Foundations was established in 2017 following the merger of De Waal, Wig Palen and Olivier Funderingstechnieken.

The group employs c. 150 people and generates a turnover of 50 million EUR.

For more information: https://www.dewaal.eu/

2Fund:

2Fund, also specializing in foundation and retaining techniques, was established in 2019 through the merger of Votquenne Foundations (Kortrijk) and Lameire Funderingstechnieken (Eeklo). With the acquisition of De Waal, the group continues to work towards its ambition of developing into a high-performing all-round foundation company capable of offering turnkey projects.

For more information: https://2fund.be/index.html