Imtech strengthens position in Belgian marine market
(Thomson Reuters ONE) -
Gouda - Royal Imtech N.V. (IM-AE, technical services provider in and outside
Europe) announces that it has acquired the Belgian maritime technical services
provider Van Stappen & Cada NV. This company realises annual revenue of over 3
million euro. The acquisition will be paid in cash and will immediately
contribute to the earnings per share. It will enable Imtech to further
strengthen its position in the Belgian marine market.
Van Stappen & Cada profile
Van Stappen & Cada was established in 1991 and is based in Antwerp's port area.
The firm specialises in marine electronics, electrical solutions and air
conditioning and primarily concentrates on services, repairs, maintenance and
renovation, with a strong focus on inland shipping. Its activities include
electric systems, radar technology, propulsion, cameras, HVAC solutions and
batteries. The company has built up a solid reputation and a broad client base.
Its specific strength is 24/7 service and maintenance, offered to clients on the
basis of a recurring business model. To this end, the firm has set up a fully
equipped workshop as well as a mobile workshop that can quickly serve clients on
location in Belgium, Germany and France when required.
Synergy
Van Stappen & Cada and Imtech Marine's competences and market specialisations
complement one another. After all, in the Belgian marine market, Imtech Marine
primarily focuses on navigation and communications systems for merchant ships,
dredgers, fishing vessels and yachts. The newly acquired company will help
Imtech - in line with Imtech Marine's growth strategy - to fast-track its
development into a comprehensive provider of marine services that is able to
offer a full range of technical services in all market segments - from newly
constructed vessels to maintenance, repairs and renovation (the lifecycle
approach). This creates significant added value for Imtech's clients and allows
them to more efficiently exploit their vessels. A 24/7 service and maintenance
specialist fits perfectly within this vision.
Continuity
As the entire management at Van Stappen & Cada will be staying on, continuity is
guaranteed.
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More information Imtech
Media: Analysts & Investors:
Pieter Koenders Jeroen Leenaers
Director Corporate Communications Manager Investor Relations
T: +31 655 74 65 85 T: +31 182 54 35 04
E: pieter.koenders(at)imtech.eu E: jeroen.leenaers(at)imtech.eu
www.imtech.eu www.imtech.eu
Imtech profile
Royal Imtech N.V. is a European technical services provider in the fields of
electrical solutions, ICT (information and communication technology) and
mechanical solutions. With 28,600 employees, Imtech achieves annual revenue of
more than 5.1 billion euro. Imtech holds strong positions in the buildings and
industry markets in the Netherlands, Belgium, Luxembourg, Germany, Austria,
Eastern Europe, Sweden, Norway, Finland, the UK, Ireland, Turkey and Spain, the
European markets of ICT and Traffic as well as in the global marine market. In
total Imtech serves 23,000 customers. Imtech offers added value with integrated
and multidisciplinary total solutions that lead to better business processes and
more efficiency for customers and the customers they, in their turn, serve.
Imtech also offers solutions that contribute towards a sustainable society, for
example in the areas of energy, the environment, water and mobility. Imtech
shares are listed on the NYSE Euronext Amsterdam, where Imtech is included in
the Midkap Index. Imtech shares are also included in the Dow Jones STOXX 600
index.
pdf version of press release:
http://hugin.info/130755/R/1626689/520502.pdf
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Source: Imtech via Thomson Reuters ONE
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