We are pleased to update on Team EIFFEL’s Q2 2025 results and to provide an overview of our performance, strategic initiatives, and key accomplishments.
Following TowerBrook's investment at the end of 2023, significant effort has been dedicated to strengthening the Company's foundations by integrating the various brands and labels operating across various niche markets. This progress has prepared Team EIFFEL for the next phase of growth.
Simultaneously, we have seen market conditions become increasingly challenging. Due to political and economic uncertainty, external hiring has slowed, and major projects have been postponed. To adapt to these circumstances, we have taken the following actions:
- Cost savings due to synergy realization and optimizing the business and staff teams.
- Integrated labels into a central Team EIFFEL organization with four Business Lines that focus on domain expertise: Engineering & Project Management, Legal Advisory, Finance Advisory and Financial Services & Compliance.
- Strengthened key positions within the company, appointing senior leaders for Post Merger Integration, M&A and IT.
- Strong focus on commercial excellence led to improved sales conversion and a better utilization of large framework contracts.
Despite the challenging market, we successfully completed two significant acquisitions in engineering during this period: Clafis and Wepro (450 Engineers in total). Their business propositions are complementary to our existing offerings within EIFFEL Projects, which specializes in integrated project management and project control. This will allow us to build on our leading market position in the physical domain.
In the second quarter of 2025, we successfully improved billability performance despite the difficult market conditions. We strengthened our management team with a new CHRO and a Managing Director for the Engineering and Project Management business. We also invested in the further development of AI in our service offerings and internal organization with the appointment of a Head of AI. The first AI offerings go live in the third quarter.
We will continue to pursue attractive M&A targets in the Netherlands and the rest of Europe to further grow the business.
We look forward to sharing more updates on Team EIFFEL as we progress through the rest of 2025. Team EIFFEL's Q3 results will be released on 25 November.
Click below for the full report
2025 Q2 report