HAL Trust is a Bermuda-based international investment holding company that wholly owns HAL Holding N.V., which pursues long-term investments in a diversified portfolio of listed and unquoted companies across multiple sectors including marine services, construction, technology, real estate, optical retail, staffing, building materials, media, and agriculture; through HAL Investments B.V., its Dutch operating subsidiary, it holds significant stakes in entities such as Boskalis Westminster (dredging and marine infrastructure), Coolblue (e-commerce), SBM Offshore (offshore energy solutions), Prodrive Technologies (high-tech manufacturing), VolkerWessels (construction and infrastructure), Broadview Holding (industrial companies), and Koppert Biological Systems (biological crop protection); it also manages real estate development and investments, primarily in the Netherlands and the United States.
Founded in 1873 with origins in the Holland Amerika Line shipping business, HAL Trust is headquartered in Willemstad, Curaçao, with key operations managed from Rotterdam, Netherlands following a 2023 head office relocation; its investments span Europe, North America, Asia, and other regions, targeting industries with strong growth potential and aiming to enhance shareholder value through active ownership.
Recent major developments include the October 2025 announcement to acquire VolkerWessels Nederland, a significant construction division valued at approximately €1.4 billion in collaboration with Boskalis; a July 2025 letter of intent with Boskalis and VolkerWessels for this strategic infrastructure expansion; the completion of a takeover offer for Boskalis in 2022, increasing HAL's stake to 98.3%; a February 2024 €140 million preferred share investment in Koppert Biological Systems to fund global production expansion and M&A in biological agriculture; the August 2025 first half-year report showing net income of €1,024 million driven by quoted holdings and unquoted performers like Boskalis; a 5.3% stake acquisition in semiconductor firm Siltronic for high-margin diversification; and Executive Board composition changes announced in November 2024 alongside robust net asset value growth to €15.5 billion as of December 2024.