The construction engineering industry in Benelux involves a range of activities connected to building and infrastructure development. Companies operating in this sector include contractors, engineering firms, and innovative startups. They offer services such as project management, design, and implementation, covering everything from residential buildings to complex civil engineering projects. The industry is increasingly prioritizing sustainable practices, driven by advancements in technology and ever-growing demands for greener solutions. Recent trends highlight a surge in government investment and collaboration with tech firms, paving the way for modernization and efficiency in construction processes across Belgium, the Netherlands, and Luxembourg.


Investors listed here vary from private equity firms to corporate investors, with headquarters in Luxembourg, Belgium, and the Netherlands. Established between 1948 and 2021, these firms come in various sizes, with employee counts ranging from 10 to over 10,000. For 2024, their combined investments amounted to 207 deals, showcasing a robust interest in the construction engineering sector. This group not only reflects different investment strategies but also highlights a focus on supporting sustainable projects and promoting innovation in the built environment.


Top 19 Construction Engineering Investors in Benelux


1. Triton Partners


Triton Partners is a private equity investment firm founded in 1997, based in Luxembourg, specializing in private equity and credit investments in European mid-market businesses. With a focus on sectors such as Business Services, Industrial Tech, and Healthcare, Triton provides operational expertise and capital to help companies unlock their full potential. In the construction engineering context, Triton has made significant acquisitions, including DYWIDAG-Systems International, a leading systems supplier in civil engineering and underground construction, and VolkerWessels, a major construction firm. Additionally, their acquisition of Mark & Energibyggarna i Göteborg AB, which specializes in infrastructure construction, enhances their infrastructure group. These strategic investments highlight Triton's commitment to the construction engineering sector, positioning them as a relevant player in this industry.


2. European Investment Bank (EIB)


The European Investment Bank (EIB) is a public entity based in Luxembourg, founded in 1958, that provides a range of financial services including loans, equity investments, guarantees, and advisory services. EIB focuses on supporting sustainable projects across various sectors, including infrastructure, which is critical for growth and job creation. In 2024, EIB was involved in several notable transactions relevant to construction engineering, such as providing debt financing of approximately $467 million to Adif Alta Velocidad, a key player in railway infrastructure, and $1.48 billion to Global Power Generation, which likely involves significant construction projects in the energy sector. These transactions highlight EIB's role in financing projects that contribute to the development of essential infrastructure, making it a relevant investor in the construction engineering space.


3. European Innovation Council (EIC)


The European Innovation Council (EIC) is a public entity based in Brussels, Belgium, established to support innovation and entrepreneurship across Europe. Founded in 1958, the EIC offers various funding programs, including the EIC Accelerator and EIC Pathfinder, aimed at helping startups and SMEs scale their technologies. The EIC also provides business acceleration services, networking opportunities, and prizes to foster innovation in multiple sectors. Notably, the EIC has been involved in transactions relevant to construction engineering, such as its investments in Saalg Geomechanics, which raised funds through grants and venture rounds. These transactions highlight the EIC's commitment to supporting innovative solutions in the construction engineering industry, alongside its broader focus on various technological advancements.


4. Mutares Benelux

  • Website: mutares.com
  • Type: Private Equity
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2021
  • Headcount: 51-200
  • Number of deals in 2024: 16
  • LinkedIn: mutares-benelux

Mutares Benelux is a private equity firm based in Amsterdam, Netherlands, founded in 2021. It specializes in acquiring and managing companies in transition, providing operational support and consulting services to enhance profitability and growth across various sectors, including automotive, technology, and retail. Notably, Mutares has made significant strides in the construction engineering sector with key acquisitions such as Donges Steeltec, a prominent steel construction company in Germany, and Byldis, a modular construction specialist with operations in the UK. These acquisitions reflect Mutares' strategy to strengthen its Engineering & Technology segment and leverage synergies within its portfolio, contributing to its overall growth and diversification.


5. Gimv

  • Website: gimv.com
  • Type: Venture Capital
  • Headquarters: Antwerp, Flanders, Belgium
  • Founded year: 1980
  • Headcount: 51-200
  • Number of deals in 2024: 8
  • LinkedIn: gimv

Gimv is a venture capital investment firm based in Antwerp, Flanders, Belgium, founded in 1980. The firm partners with innovative companies across various sectors, including Consumer, Healthcare, Life Sciences, Smart Industries, and Sustainable Cities. Gimv provides investment management and strategic support to help businesses grow sustainably, primarily targeting entrepreneurial companies seeking capital and expertise to navigate market challenges. Notably, Gimv has made significant investments in the construction engineering sector, including the acquisition of Keil & Purkl, a civil engineering specialist, in September 2023, and Verkley, a Netherlands-based underground energy and water cable and pipeline specialist, in March 2021. These transactions highlight Gimv's commitment to supporting companies within the construction engineering domain, alongside their broader investment strategy.


6. Cvc

  • Website: cvc.com
  • Type: Private Equity
  • Headquarters: Luxembourg
  • Founded year: 2005
  • Headcount: 1001-5000
  • Number of deals in 2024: 16
  • LinkedIn: cvc-capital-partners

CVC Capital Partners is a prominent investment firm founded in 2005, specializing in private equity, credit, secondaries, and infrastructure. With approximately €193 billion in assets under management for over 1000 clients, including pension funds and institutional investors, CVC focuses on delivering sustainable value and growth through strategic investments. Notably, CVC has made significant acquisitions in the construction engineering sector, including DYWIDAG-Systems International, which specializes in construction and engineering solutions, and Paroc Group, a leading producer of stone wool insulation. These transactions highlight CVC's commitment to investing in companies that play a crucial role in the construction industry, thereby reinforcing their position as a relevant investor in this field.


7. Ferrovial

  • Website: ferrovial.com
  • Type: Corporate
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 1952
  • Headcount: 10001+
  • Number of deals in 2024: 1
  • LinkedIn: ferrovial

Ferrovial is a corporate investor based in Amsterdam, Netherlands, founded in 1952. It is a leading infrastructure and construction company that specializes in highway construction, airport management, and energy solutions. The company serves a diverse clientele, including government entities and private organizations, focusing on sustainable development and innovative solutions. Ferrovial has made several strategic acquisitions to bolster its construction engineering capabilities, including a 36.68% stake in Budimex, a prominent Polish construction firm, which enhances its presence in Central Europe's construction sector. Additionally, Ferrovial acquired Pepper Lawson to strengthen its construction business in the United States, and it has also acquired Webber Group, Enterprise plc, and Broadspectrum, further solidifying its position in the construction industry. These transactions highlight Ferrovial's active role in the construction engineering sector and its commitment to expanding its influence and capabilities within this field.


8. Rockstart

  • Website: rockstart.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2011
  • Headcount: 11-50
  • Number of deals in 2024: 16
  • LinkedIn: rockstart

Rockstart is a venture capital firm and startup accelerator based in Amsterdam, Netherlands, founded in 2011. The firm focuses on empowering early-stage founders across various sectors, including AgriFood, Energy, and Emerging Technology. Rockstart provides investment, mentorship, and networking opportunities to help startups scale and succeed. Among their notable transactions, they have invested in Finch Buildings, a startup that operates within the construction sector, raising funds in multiple seed rounds. Additionally, they have been involved with other startups like Unibec and Airsquire, which, while not exclusively in construction, contribute to the broader innovation landscape that includes construction engineering. Rockstart's commitment to supporting purpose-driven entrepreneurs positions them as a relevant player in the construction engineering investment space.


9. Fugro

  • Website: fugro.com
  • Type: Corporate
  • Headquarters: Leidschendam, South Holland, Netherlands
  • Founded year: 1962
  • Headcount: 10001+
  • LinkedIn: fugro

Fugro NV, founded in 1962 and based in Leidschendam, South Holland, Netherlands, is a leading geotechnical service provider specializing in Geo-data solutions. The company offers a comprehensive range of services, including surveying, environmental assessments, and geotechnical investigations, primarily serving clients in the energy and infrastructure sectors. Fugro's global presence and utilization of advanced technology enable them to support safe and sustainable project development. Notably, Fugro has made several strategic acquisitions to bolster its capabilities in the construction engineering context. For instance, the acquisition of Loadtest in 2009 and RailData BV in 2014 expanded their expertise in load testing and rail infrastructure, respectively. Additionally, the acquisition of William Lettis & Associates in 2007 enhanced their geotechnical consultancy and geohazards practices, further solidifying their role in the construction engineering industry. These transactions reflect Fugro's commitment to providing essential services that underpin successful construction projects.


10. NPM Capital

  • Website: npm-capital.com
  • Type: Private Equity
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 1948
  • Headcount: 11-50
  • Number of deals in 2024: 1
  • LinkedIn: npm-capital

NPM Capital is a private equity investment firm based in Amsterdam, Netherlands, founded in 1948. The firm specializes in supporting medium-sized and large companies, particularly family-owned enterprises in the Benelux region, by providing capital and strategic advisory services aimed at fostering growth and sustainability. NPM Capital operates across various sectors, including technology, education, and construction engineering. Notably, the firm acquired Dieseko Group B.V. in November 2013, a company that manufactures and supplies construction equipment, indicating its active role in the construction engineering sector. Additionally, NPM Capital has invested in companies like FibreMax, which, while primarily a synthetic cable manufacturer, may have applications in construction and infrastructure projects. This diverse investment strategy, combined with a focus on long-term partnerships, positions NPM Capital as a significant player in the construction engineering landscape.


11. Cobepa

  • Website: cobepa.com
  • Type: Private Equity
  • Headquarters: Brussels, Brussels, Belgium
  • Founded year: 1957
  • Headcount: 11-50
  • Number of deals in 2024: 2
  • LinkedIn: cobepa

Cobepa is a private equity investment company based in Brussels, Belgium, founded in 1957. It specializes in providing investment management and strategic support to enhance the growth and sustainability of its partner businesses. With a permanent capital base, Cobepa is able to invest across a diverse range of industries, including healthcare and industrial sectors. Notably, Cobepa has made several significant acquisitions in the construction engineering context, including SOCOTEC, which focuses on testing and certification services crucial for construction projects, and Carrières du Hainaut, which supplies essential materials for construction. Additionally, Cobepa's investment in Van Oord, a company involved in marine engineering and construction, further highlights its engagement in the construction engineering sector. These transactions demonstrate Cobepa's commitment to supporting and growing businesses within the construction engineering industry.


12. Van Oord

  • Website: vanoord.com
  • Type: Corporate
  • Headquarters: Rotterdam, South Holland, Netherlands
  • Founded year: 1868
  • Headcount: 5001-10000
  • LinkedIn: van-oord

Royal Van Oord is a maritime contractor based in Rotterdam, Netherlands, specializing in dredging, land reclamation, and offshore energy projects. Founded in 1868, the company has over 155 years of experience and operates globally, focusing on sustainable practices and innovative solutions for climate adaptation and infrastructure development. Van Oord has made significant acquisitions to strengthen its position in the construction engineering sector, including the acquisition of J.T. Mackley & Co in 2014, which expanded their capabilities in civil engineering projects. In 2018, they acquired MPI Offshore, a specialist in offshore wind installation, aligning with their investment program to enhance their role in the renewable energy sector. Additionally, the acquisition of Dravo S.A. in 2014 allowed Van Oord to fully integrate dredging operations across Spain, Portugal, and Italy, further solidifying their presence in the construction engineering landscape. Their involvement in strategic partnerships, such as the acquisition of a stake in IQIP Holding, demonstrates their commitment to advancing technology and services in the maritime and construction sectors.


13. Boskalis

  • Website: boskalis.com
  • Type: Corporate
  • Headquarters: Papendrecht, South Holland, Netherlands
  • Founded year: 1910
  • Headcount: 10001+
  • Number of deals in 2024: 2
  • LinkedIn: boskalis

Boskalis Westminster N.V. is a logistics and marine services company based in Papendrecht, South Holland, Netherlands, founded in 1910. The company specializes in dredging and the maintenance of maritime infrastructure, providing a wide range of services including coastal defense, land reclamation, and offshore energy support. Boskalis serves various clients, including port authorities and energy companies, ensuring safe and efficient maritime operations. Notably, Boskalis has made strategic investments to bolster its position in the construction engineering sector. In 2019, they acquired Horizon Geosciences, enhancing their geotechnical capabilities. Additionally, their acquisition of the Gardline Group in 2017 for approximately £40 million allowed them to enter the offshore survey market, further integrating their services within the construction engineering domain. Most recently, in 2024, Boskalis announced the acquisition of ALP Maritime Services, which will expand their maritime service capabilities, crucial for construction projects in marine environments.


14. Gilde Buy Out Partners


Gilde Buy Out Partners is a private equity firm based in Utrecht, Netherlands, founded in 1982. The firm specializes in investment management and business transformation services, focusing on providing growth solutions to mid-market businesses across Europe. Gilde has a diverse portfolio, with notable transactions in the construction engineering sector, including the acquisition of Powerlines Group, a technical infrastructure services company, and De Boer Structures, a builder of temporary facilities and accommodations. These acquisitions highlight Gilde's commitment to enhancing operations and market presence in the construction engineering field, alongside their broader investment strategy.


15. Waterland Private Equity


Waterland Private Equity Investments B.V. is a private equity firm based in Bussum, North Holland, Netherlands, founded in 1999. The firm specializes in growth equity investments and partners with ambitious entrepreneurs and management teams to support their growth strategies through strategic planning and operational assistance. Waterland operates across Europe and focuses on various sectors, including healthcare and sustainability. Notably, in the construction engineering context, Waterland has made significant investments such as the acquisition of Elk groep, a construction and renovation company, which highlights their active role in the construction sector. Additionally, they have engaged in transactions related to decarbonisation firms, indicating a broader interest in sustainable construction practices. These activities position Waterland as a relevant player in the construction engineering investment landscape.


16. AMAVI Capital

  • Website: amavi.capital
  • Type: Venture Capital
  • Headquarters: Nazareth, Flanders, Belgium
  • Founded year: 2020
  • Headcount: 11-50
  • Number of deals in 2024: 3
  • LinkedIn: amavi-capital

AMAVI Capital is a venture capital firm based in Nazareth, Flanders, Belgium, founded in 2020. The firm specializes in backing businesses that are radically reshaping the built world, with a focus on sectors such as PropTech and ClimateTech. AMAVI Capital connects traditional real estate leaders with innovative startups, creating strategic opportunities for growth. Notably, they have invested in Finch Buildings, a Dutch sustainable building company, to support its international expansion. They also led a funding round for GBuilder, a Finnish ConTech company, to facilitate its growth in the UK and DACH regions. Furthermore, AMAVI Capital participated in the funding of Cintoo, which offers cloud-based reality data solutions aimed at enhancing capabilities for Industry 4.0, BIM, and construction customers. These transactions highlight AMAVI Capital's commitment to investing in innovative solutions within the construction engineering sector.


17. Rise PropTech Fund


Rise PropTech Fund is a venture capital fund based in Pepinster, Wallonia, Belgium, founded in 2021. The fund focuses on supporting startups in the PropTech sector, providing both venture capital funding and hands-on support to entrepreneurs aiming to innovate in the construction and real estate industries. Their mission is to accelerate the transformation of these sectors by integrating sustainable technologies. Notable transactions include their participation in the Series A funding for TEAMOTY, a French construction tech startup, and Vizcab, which offers a SaaS platform for calculating Life Cycle Assessments of construction projects. They also invested in Hysopt, which specializes in HVAC digital twin software, and Caeli Énergie, which focuses on low-carbon air conditioning solutions. These investments highlight their commitment to advancing technology in construction engineering.


18. Astorg

  • Website: astorg.com
  • Type: Private Equity
  • Headquarters: Luxembourg
  • Founded year: 1998
  • Headcount: 51-200
  • Number of deals in 2024: 8
  • LinkedIn: astorg

Astorg is a private equity firm founded in 1998 and based in Luxembourg, specializing in investments in global B2B companies. With €22 billion in assets under management, Astorg provides capital, strategic guidance, and governance to management teams across various sectors, including healthcare, technology, and business services. Notably, Astorg has made significant investments in the construction engineering context, such as the acquisition of Onduline, a leader in roofing materials, and Corialis, a manufacturer of aluminium systems for windows and doors. These transactions highlight Astorg's commitment to creating long-term value in the construction materials sector, alongside their broader investment strategy.


19. Convent Capital

  • Website: conventcapital.nl
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2011
  • Headcount: 1-10
  • Number of deals in 2024: 2
  • LinkedIn: convent-capital

Convent Capital is a venture capital firm based in Amsterdam, Netherlands, founded in 2011. The firm specializes in sustainable investments and growth capital for small to medium-sized enterprises in the Benelux region. Convent Capital has a notable focus on innovative companies, particularly in the AgriFood sector, but has also made significant strides in the construction engineering industry. In 2023, they acquired Dijkstra Groep, which allows for collaboration with other engineering firms like Zonneveld Ingenieurs and Ingenieursbureau Ulehake, as part of a buy-and-build strategy aimed at creating a leading group in software-driven engineering services. Additionally, they acquired Dumaco Group in 2016, further solidifying their presence in the engineering sector. These transactions highlight Convent Capital's commitment to enhancing sustainability and growth within the construction engineering field.



Construction Engineering Insights: Key Investors in Benelux


InvestorHeadquarterSizeFoundedDeals 2024
Triton PartnersLuxembourg201-50019976
European Investment Bank (EIB)Luxembourg1001-5000195899
European Innovation Council (EIC)Brussels, Brussels, Belgium201-500195857
Mutares BeneluxAmsterdam, North Holland, Netherlands51-200202116
GimvAntwerp, Flanders, Belgium51-20019808
CvcLuxembourg1001-5000200516
FerrovialAmsterdam, North Holland, Netherlands10001+19521
RockstartAmsterdam, North Holland, Netherlands11-50201116
FugroLeidschendam, South Holland, Netherlands10001+19620
NPM CapitalAmsterdam, North Holland, Netherlands11-5019481
CobepaBrussels, Brussels, Belgium11-5019572
Van OordRotterdam, South Holland, Netherlands5001-1000018680
BoskalisPapendrecht, South Holland, Netherlands10001+19102
Gilde Buy Out PartnersUtrecht, Utrecht, Netherlands11-5019820
Waterland Private EquityBussum, North Holland, Netherlands201-50019997
AMAVI CapitalNazareth, Flanders, Belgium11-5020203
Rise PropTech FundPepinster, Wallonia, Belgium1-1020210
AstorgLuxembourg51-20019988
Convent CapitalAmsterdam, North Holland, Netherlands1-1020112


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