It was founded on 10 December 1863 in the Dutch East Indies[1] and expanded to Suriname (1908) and Curaçao (1927).
In September 1973 Fibbe Berend Jan Udink made became a board member and helped expand international activities of OGEM.
In July 1977 OGEM bought an equity stake of 44% in Beton und Monierbau (B & M) in Düsseldorf.
Many acquisitions were funded with debt and in the early 1980s OGEM went bankrupt after a loss of 120 million guilders in 1980.
Parts of the company were reorganized under the name Engineering Building and Industry (TBI).