Ballast Nedam Parking Ltd acquire Stripe Consulting Ltd

One of the leading providers of car park structures in the Netherlands, Ballast Nedam Parking Ltd is acquiring car park specialist Stripe Consulting. 

The acquisition is in effect as of 1 September 2019. Ballast Nedam is a Dutch based civils and specialist contractor and is renowned for its reputation of delivering construction projects for high profile clients. They have an existing internal design capability however, a significant increase in design capability is facilitated by the acquisition of Stripe.

The multi-disciplined design and survey company, Stripe Consulting specialises in car park structures in the UK. The companies project portfolio varies from the construction of multi-storey parking garages to the design and layout of parking garages. Stipe Consulting’s previous owner Russell Simmons will continue to work within the company and will remain as an involved shareholder, he will now also act as Managing Director for Ballast Nedam Parking Ltd. Russell Simmons says, "I am really pleased with this strategic move by both Stripe and Ballast Nedam as it will enable both companies to bring even better value to their clients and reach a wider client base without compromising the quality of their individual offering. I am also very excited to be appointed as Managing Director at Ballast Nedam Parking Ltd. and very much look forward to working towards achieving the goals and objectives of the business.” Özgür CanbaĊŸ, member of the Management Board at Ballast Nedam: “This deal marks Ballast Nedam Parking’s entry to the UK market. Stripe is a high growth, dynamic business and fits well to our strategy to grow our core businesses in size and profitability.”

The structure of the acquisition ensures that Stripe continues to provide unbiased and impartial advice to clients. This allows for Stripe’s core objective of consulting on the best suited approach for each individual project and situation.

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