Acquisition of Steigerbouw van der Panne

Muehlhan Industrial Services acquires Steigerbouw van der Panne, a Dutch-based specialist in scaffolding and access at height solutions.

Muehlhan Industrial Services announced today that it expands its European and BeNeLux presence
with the strategic acquisition of Steigerbouw van der Panne, a Dutch-based specialist in scaffolding
and access at height solutions.

Van der Panne is a leading player of scaffolding and access at height solutions in the industrial,
offshore, infrastructure and construction markets. The company provides its services on-site to asset
owners throughout Belgium and The Netherlands.

The company, a family-owned business, was founded in 1984 by its namesake, Wout van der Panne. It
was established at the location of its former sister company, Havenbedrijf Atlantica BV in Rotterdam
South, close to De Kuip stadium. Under the leadership of Rob Bos, the company grew from its original
purpose of “absorbing Atlantica’s downtime” to a subcontractor in scaffolding projects and, under the
leadership of Rob’s son Pascal Bos, continued to develop to an independent and professional
scaffolding contractor for small to large scaffolding projects. The company is renowned for its
relentless commitment to safety and quality, state-of-the-art expertise, can-do mentality, committed
employees, stock of materials and professional logistics. The acquisition of the Van der Panne fits
seamlessly with the Muehlhan Industrial Services strategy of strengthening its core business in the
European market. The transaction strengthens Muehlhan’s market presence and its regional service
offering for its customers.

“Becoming part of Muehlhan Industrial Services is the next natural step to facilitate growth and better
meet the needs of our customers. This step will benefit both our customers and employees as it
ensures focus and continuity for our business and creates new opportunities for growth. Our shared
values, outstanding reputation and high standards of health, safety, environment and quality will
ensure a smooth integration.” says Peter van den Berg, Managing Director, Steigerbouw van der
Panne.

“We’re excited to welcome Steigerbouw van der Panne to the Muehlhan family. Their decades of
experience, outstanding reputation and deep roots in the Dutch and Belgian market are an invaluable
and complementing addition to our existing service offering and regional presence. It allows us to
better support existing and future customers in Belgium and The Netherlands. The like-minded culture
makes it a perfect fit.”, says Stijn Staffhorst, COO, Muehlhan Industrial Services.

For more information or questions, please contact:

Peter van den Berg, Managing Director, Van der Panne, +31 10 419 9155
Stijn Staffhorst, COO, Muehlhan Industrial Services, +31 10 426 4960