Imtech acquires YSP in Finland to strengthen its traffic market position in the Nordic region
(Thomson Reuters ONE) -
Gouda - Imtech N.V. (technical services provider in Europe) is announcing the
acquisition of the Finnish high-tech traffic control specialist YSP. Employing
25 people, YSP has an annual revenue of almost 3 million euro. The acquisition
contributes directly to the earnings per share.
René van der Bruggen, the CEO Imtech: 'Strategically, the Nordic region (Sweden,
Norway and Finland) forms an important growth market for Imtech. For this
reason, we recently acquired the Swedish company NEA (2,200 employees). In terms
of size, YSP is a relatively modest firm, but it has nevertheless been a
successful frontrunner in high-tech traffic solutions in Finland for twenty
years. The acquisition of YSP and the intensification of the internal
co-operation between various traffic companies within Imtech in Europe will lead
to further growth, and represents a significant step forward in establishing a
strong position in the traffic market in the Nordic region and the rest of
Europe.'
YSP profile
YSP is a traffic control specialist, founded in 1984, and is based near the
Technology Campus of the University of Jyväskylä in Finland. YSP is a very
strong player on Finnish traffic technology market, and specialises in the full
range of high-tech traffic control, including traffic telematics, traffic
applications, ICT (automation and software), 'electric design' and the complete
integration and implementation of these systems along motorways, in road tunnels
and in cities. Maintenance and management form a significant and increasing
component of the company's overall income: an example is a contract with the
Finnish Transport Agency.
The position of Imtech on the European traffic market
Imtech is in a strong position on the European traffic market. With around
1,000 traffic specialists, the company provides hundreds of customers in the
inter-urban and urban market with a wide range of high-tech traffic solutions,
varying from intelligent transport systems to dynamic traffic management,
safety, and enforcement, and reductions in harmful environmental effects, as
well as priority systems and dynamic travel information. Imtech is also a strong
player in the high-tech traffic and mobility centre market. The company is
active in the Netherlands, the UK, Belgium, Central and Eastern Europe
(especially Poland and Croatia), Sweden and Finland, and exports mobility
solutions to the rest of Europe and beyond as well. From a strategic point of
view, the Nordic region is an important growth region for Imtech, including in
the traffic market.
Synergy
The co-operation between YSP and Peek Traffic (the Imtech traffic technology
specialist) in Sweden and Finland will lead to further strengthening of the
position in Nordic, while complementary customer databases will form an
outstanding basis for cross-selling. The exchange of technological knowledge
will make it possible to provide extensive technological packages. Experience of
making technological traffic solutions work, and keeping them working, under
exceptionally cold weather conditions means Imtech is in a position to operate
markets in the north of Norway and Sweden, as well as in Russia and the Baltic
countries. Because of the greater revenue volume, investments in technology will
yield returns more quickly, and this will strengthen the company's competitive
position. YSP's management team will stay on after the acquisition, guaranteeing
continuity.
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More information
Media: Analysts & investors:
Pieter Koenders Jeroen Leenaers
Manager 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
Imtech N.V. is a European technical services provider in the fields of
electrical engineering, ICT and mechanical engineering. With approximately
23,000 employees, Imtech achieves annual revenue of more then 4.3 billion euro.
Imtech holds strong positions in the buildings, industry and
infrastructure/traffic markets in the Netherlands, Belgium, Luxembourg, Germany,
Eastern Europe, Nordic, the UK, Ireland and Spain and in the global marine
market. In total Imtech serves 20,000 customers. Imtech offers added value in
the form of 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 Euronext Stock Exchange Amsterdam,
where Imtech is included in the Midkap Index. Imtech shares are also included in
the Dow Jones STOXX 600 index.
[HUG#1434777]
pdf version press release: http://hugin.info/130755/R/1434777/380350.pdf
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Source: Imtech N.V. via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 30.07.2010 - 07:31 Uhr
Sprache: Deutsch
News-ID 34846
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