Thomas & Piron Group agreed to acquire BAM Galère srl from Koninklijke BAM Groep nv (ENXTAM:BAMNB) on December 2, 2021. BAM Galère srl reported revenue of €200 million, the transaction will have limited impact on the 2021 income statement, and will not change BAM's outlook for 2021. The transaction, which is subject to approval of the competition authorities, is expected to close in the first quarter of 2022.

Frank Bayart, Johan Diels, Laure-Anne Castelein, Isaak Waterschoot/Margriet de, Nerée tot Baberich, Bart De Klerk and Jeroen Beets of ING Corporate Finance acted as sole financial advisor to Royal BAM Group.