What Verwater does

Verwater is a Dutch-headquartered multidisciplinary industrial services contractor specializing in the construction, maintenance, jacking and repair of storage tanks and industrial installations for the chemical, petrochemical, and tank storage sectors. Founded in 1922 in Rotterdam, the company has evolved from harbor excavation work into a specialized tank services platform with proprietary methods including a unique jacking technique suited to confined spaces, a rotating construction welding method, and STT-FCAW welding processes. Service lines span tank construction (up to 120,000 m³ capacity), tank maintenance, civil works, protective coating, piping and mechanical, electrical and instrumentation (E&I), engineering and automation, panel construction, and coordinated turnarounds, with the Total Tank Maintenance program bundling these disciplines under single-point responsibility.

The company's go-to-market is enterprise field sales targeting major oil and gas operators (Shell since 1961, ExxonMobil since 1997, BP, TotalEnergies) and independent tank storage terminals (Vopak, Koole, Evos, MOT), with long-term maintenance contracts alongside project-based EPC construction work. Revenue is generated on a project-quoted basis for new construction and on multi-year contracts for maintenance, supplemented by engineering and specialty services. Verwater operates from headquarters in Rotterdam with offices and workshops in Belgium, Germany, and Estonia, serving Western and Northern Europe with additional project activity in Singapore and the Middle East.

The business is organized around wholly-owned subsidiaries covering distinct disciplines and geographies, integrated under the Verwater Group B.V. legal entity. Approximately 800 employees plus flexible workforce and subcontractors realize annual turnover of approximately €220 million. Strategic acquisitions have broadened the platform: Dijksman (around 2000) added tank construction; Imtech Industrial Services business units (2015) added E&I and automation; SJR (end of 2020) added prefabrication of large tanks up to 32m height and 24m diameter. A 2013 financial restructuring preceded the current growth phase under CEO Marloes Oude Breuil, appointed November 2021.

Name

Verwater

Legal name

Verwater Group B.V.

Website

https://verwater.com

Company type

Private

Founded year

1922

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Verwater is a Dutch multidisciplinary industrial services contractor founded in 1922, specializing in tank construction, jacking, maintenance and multi-discipline industrial services for petrochemical, chemical and tank storage clients across Western and Northern Europe with approximately €220 million annual revenue.

Ownership category

akta.pro rank

Product category

Industrial Tank Construction & Maintenance Services

NAICS

Metal Tank (Heavy Gauge) Manufacturing (33242), Water and Sewer Line and Related Structures Construction (23711), Plumbing, Heating, and Air-Conditioning Contractors (23822)

SIC

General Bldg Contractors - Nonresidential Bldgs (1540), Water, Sewer, Pipeline, Comm & Power Line Construction (1623), Construction, Mining & Materials Handling Machinery & Equip (3530)

akta.pro primary industry

Storage & Conveyance Structures (Reservoirs, Tanks, Culverts, Tunnels) (IMAFAGAE)

akta.pro secondary industries

Water & Wastewater Pipeline Construction (Mains, Force Mains, Interceptors) (IMAFAGAC), Hydraulic, Pneumatic & Fluid Power Systems MRO (Cylinders, Pumps, Valves, Hoses) (TLAKAHAI)

Keywords

• Tank construction services
• Industrial tank maintenance
• Petrochemical contracting
• Tank jacking services
• Civil engineering services

Headquarters

HQ city

Hoogvliet

HQ country

Netherlands

HQ region

Europe

Offices13 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Industrial Services and Construction: Verwater generates revenue through project-based work including tank construction, maintenance, jacking, civil works, coating, piping, E&I, and engineering services. Revenue comes from both new construction projects (EPC contracts) and long-term maintenance contracts with major industrial clients.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Verwater is a multidisciplinary industrial contractor that constructs, maintains, and repairs large-scale storage tanks and related industrial installations for the chemical, petrochemical, and tank storage sectors. The company delivers a full spectrum of in-house services including tank construction (up to 120,000 m³), tank jacking and relaying, civil works, protective coating, piping and mechanical works, electrical & instrumentation, engineering and automation, panel construction, and coordinated turnaround management.

Product overview

Verwater is a multidisciplinary industrial services company offering a comprehensive portfolio of tank and industrial installation services. The company operates as a unified service platform with in-house capabilities spanning the entire project lifecycle. Core services include Tank Construction (up to 120,000 m3 capacity using jacking and stacking methods), Tank Maintenance, Jacking/Relocation, Civil Works, Protective Coating (50+ years experience), Piping & Mechanical, Electrical & Instrumentation, Engineering & Automation, Panel Construction, and Turnarounds. The company also offers Total Tank Maintenance programs that bundle multiple services under single coordination. Services are delivered through strategically located workshops in the Netherlands, Belgium, Germany, and Estonia, supporting the chemical, petrochemical, tank storage, food, and water treatment industries across Western and Northern Europe.

Differentiator

Problem solved

Functional benefit

Brands

• MOVE: Partnership alliance with MOT ( Maasvlakte Oil Terminal) for full maintenance program
• Total Tank Maintenance Program

Products and services

• Tank Maintenance Comprehensive maintenance services for industrial storage tanks, including repairs, inspections, and refurbishment of tank bottoms, shells, and roofs for chemical, petrochemical, and tank storage clients.
• Tank Construction New-build construction of storage tanks up to 120,000 m³ using jacking and stacking methods, serving the petrochemical, chemical, and tank storage industries.
• Jacking (Vijzelen) Specialized tank jacking services for raising, relocating, re-levelling tanks, and replacing foundations or tank bottoms using Verwater's unique confined-space jacking method.
• Civil Works Construction and renovation of tank foundations, leak detection systems, soil remediation, liquid-tight tank pits, and concrete/infrastructure works for industrial sites.
• Protective Coating Corrosion protection solutions including protective coating systems, tank coatings, and aluminum metallizing (TSA), offered for over 50 years.
• Piping & Mechanical Pipe fabrication, installation, and mechanical works including prefabrication shop services for piping systems at industrial installations.
• Electrical & Instrumentation (E&I) Electrical installation, instrumentation, and automation services for industrial installations and tank terminals.
• Engineering & Automation (E&A) Engineering services including basic and detail design using intelligent software to deliver innovative design solutions across project disciplines.
• Panel Construction (Panelenbouw) Custom panel building and control cabinet fabrication for industrial automation and electrical distribution systems.
• Turnarounds Coordinated turnaround management services covering all maintenance activities during planned shutdowns at refineries and petrochemical facilities.
• Engineering Consultative engineering for design and execution of projects across all disciplines using advanced software and innovative design solutions.
• Total Tank Maintenance Program Integrated long-term maintenance program bundling civil, mechanical, jacking, piping, coating, insulation, scaffolding, and fire watch services under a single point of coordination for terminal operators.

Quantifiable outcome

• Lead time reduced through simultaneous water testing and construction
• +4 more outcomes

Named customers16 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• DijksmancoreStrategic or Co-development PartnerAcquired in the 2000s, Dijksman was a renowned tank builder. This acquisition made Verwater a major player in tank construction in addition to being a tank jacker and contractor.
• Imtech Industrial Services (business units)coreStrategic or Co-development PartnerAcquired in 2015, expanding portfolio with electrical engineering, instrumentation, automation, valve overhaul and panel building services.
• SJRcoreStrategic or Co-development PartnerAcquired at end of 2020, expanding services to include prefab construction of tanks up to 32 meters height and 24 meters diameter. SJR offices integrated into Verwater headquarters in 2021.
• MOVE (MOT-Verwater Alliance)coreStrategic or Co-development PartnerJoint partnership with MOT for full maintenance program. MOVE partnership aims for mutual benefit through shared experience, knowledge, and creating win-win situations. Results: zero HSE incidents, 58 weeks throughput reduced to 32 weeks, HOTT of 74%, 3 joint innovations per year.
• GoflexminorStrategic or Co-development PartnerPartnership for apprenticeships in electrical industrial installations, with Dewi (24) completing apprenticeship at Verwater through Goflex.
• VPIJ (Safety Platform IJmond)minorStrategic or Co-development PartnerSafety platform including companies working at Tata Steel site. Verwater became member in 2023 to improve safety through joint actions and learning from accidents.

Scale indicators9 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Hooijmans Milieu- en Industriebouw: Dutch industrial and environmental construction contractor active in tank construction, maintenance, and remediation. Direct head-to-head with Verwater in Benelux industrial tank work, sharing customers in chemical and waste-handling segments.
• Mastenbroek Industrial Contractors: UK-based specialist tank contractor delivering new-build tanks up to large volumes with proprietary jacking experience. Closely comparable to Verwater's tank construction and jacking services, including the capacity for very large storage tanks.

Broad incumbents

• Bilfinger: Large European industrial services group providing maintenance, engineering, and construction to process industries, including tank and storage infrastructure for petrochemical customers. Overlaps broadly with Verwater's industrial services portfolio across Germany, Belgium, and the Netherlands.
• Stork (a Fluor company): Industrial services provider in the Netherlands and Northwest Europe delivering maintenance, modification, and asset integrity services to oil & gas and chemical operators. Comparable to Verwater for brownfield maintenance and turnaround services.
• SPIE SA: European multi-technical services group with strong industrial services franchise in Benelux and Germany, including mechanical, electrical, and instrumentation work for industrial sites. Adjacent competitor for Verwater's E&I and mechanical scopes.
• Worley: Global energy and industrial engineering contractor with deep European refining and petrochemical footprint. Overlaps with Verwater on engineering, project management, and tank/piping scopes for the same major customers.
• Royal HaskoningDHV: Dutch engineering consultancy with strong ports, terminals, and industrial infrastructure practice. Comparable to Verwater's engineering and design services and overlapping in tank terminal and petrochemical project work.

Others

• Vopak: World's largest independent tank storage operator and a major Verwater customer. Comparable as a buyer/adopter of the same Total Tank Maintenance model; included as ecosystem reference for tank-terminal economics rather than a direct competitor.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCZ_A7Y_v9yBHhyktiSeJwiA
• LinkedInlinkedin.com/company/verwater

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Verwater