Press release - Grontmij announces intended divestment of French Monitoring & Testing business
(Thomson Reuters ONE) -
Divestment will strengthen strategic focus and accelerate path towards
profitable growth
De Bilt, 21 January 2013 - Grontmij N.V., a listed consulting & engineering
company with strong European presence, today announces its intention to divest
the French Monitoring and Testing (M&T) business. Grontmij France (Ginger)
currently consists of two independent businesses: namely Engineering and
Monitoring & Testing (M&T). Grontmij views the Engineering part as core business
and sees potential for financial recovery and growth in the coming years. The
intended divestment of the French M&T business, known in France as CEBTP, will
allow Grontmij Group to further focus on its core business and take the 'Back on
Track' strategy to the next level (see separate press release published on 21
January 2013).
Highlights of the intended divestment:
* French M&T activities are a 100% stand-alone business, with strong
management:
* no operational fit with other activities within Grontmij Group
* very limited opportunity for Grontmij to leverage expertise to other
European markets
* Business facts French M&T: Total revenues approximately ? 110 million
(FY2011), with high single-digit margin on total revenues. M&T in France
employs around 1,000 people and is headquartered in Elancourt
* Grontmij sees good potential for financial recovery and growth in revenue
and profitability in the coming years for the French Engineering activities,
which will be rebranded to Grontmij in 2013
* Divestment will allow Grontmij to strengthen its strategic focus and
accelerate the path towards profitable growth
Michiel Jaski, CEO Grontmij N.V: 'Today, we announce an increased focus on the
core business of Grontmij. As a logical consequence, we have the intention to
divest our Monitoring & Testing activities in France. Although these activities
have a strong market presence and are solid and successful financially, they do
not fit our strategic goals and the long-term development ambitions of Grontmij.
We remain fully committed to France with our Engineering activities.'
See our website for the full press release
< ENDS >
For more information please contact
Grontmij N.V., Michèle Negen, Investor Relations Manager, T +31 30 220 78 31
www.grontmij.com
twitter.com/grontmijgroup
Press release - Grontmij announces intended divestment of ...:
http://hugin.info/143540/R/1671663/543425.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: GRONTMIJ N.V. via Thomson Reuters ONE
[HUG#1671663]
Unternehmensinformation / Kurzprofil:
Datum: 21.01.2013 - 07:00 Uhr
Sprache: Deutsch
News-ID 221171
Anzahl Zeichen: 3311
contact information:
Town:
DE BILT
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 188 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Press release - Grontmij announces intended divestment of French Monitoring & Testing business"
steht unter der journalistisch-redaktionellen Verantwortung von
GRONTMIJ N.V. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
