Imtech completes sale of its Imtech ICT division to VINCI Energies
(Thomson Reuters ONE) -
Imtech announces the successful completion of the sale of the Imtech ICT
division to VINCI Energies. The Imtech ICT division is divested at an enterprise
value of 255 million euro. This divestment is an important part of Imtech's debt
reduction programme.
The immediate cash proceeds from the divestment are 188 million euro and will be
used for enhancement of the liquidity position and for the debt reduction
programme. The difference between the enterprise value and immediate cash
proceeds relate to a 26 million euro guarantee deposit, customary finance
adjustments and transaction costs.
The required regulatory clearance from competition authorities has been obtained
and the customary closing conditions have been satisfied.
In 2013, the revenue of the ICT division amounted to 740 million euro and 2,380
staff were employed. The divesture of the ICT division will not have an impact
on Imtech's value proposition for customers. Automation expertise and know-how
in the field of amongst others building automation, infrastructure automation,
telecommunication, industrial automation and technical automation are an
integral part of the offered value proposition of the other Imtech divisions.
More information
Media: Analysts & investors:
Dorien Wietsma Jeroen Leenaers
Director Corporate Communication & CSR Director Investor Relations
T: +31 182 54 35 53 T: +31 182 543 504
E: dorien.wietsma(at)imtech.com E: jeroen.leenaers(at)imtech.com
www.imtech.com www.imtech.com
Imtech profile
Royal Imtech N.V. is a European technical services provider in the fields of
electrical solutions, automation and mechanical solutions. With approximately
23,000 employees, Imtech holds attractive positions in the buildings and
industry markets in the Netherlands, Belgium, Luxembourg, Germany, Austria,
Eastern Europe, Sweden, Norway, Finland, the UK, Ireland and Spain, the European
market of Traffic as well as in the global marine market. Imtech offers
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
traffic. Imtech shares are listed on the Euronext Amsterdam.
PDF: Press Release:
http://hugin.info/130755/R/1866949/655913.pdf
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Source: Imtech via GlobeNewswire
[HUG#1866949]
Unternehmensinformation / Kurzprofil:
Datum: 30.10.2014 - 07:31 Uhr
Sprache: Deutsch
News-ID 348169
Anzahl Zeichen: 3338
contact information:
Town:
Gouda
Kategorie:
Business News
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"Imtech completes sale of its Imtech ICT division to VINCI Energies"
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