Imtech to expand its ICT activities in south-east Asia
(Thomson Reuters ONE) -
Gouda - Imtech (technical services provider in Europe) is increasing its 50%
interest in its ICT subsidiary F&M Asia to 100%, giving it total control over
its growing ICT activities in south-east Asia. The deal will entail the
acquisition by Imtech of the remaining shares currently held by its partner, ALK
Holdings & Management. The acquisition will be paid for in cash and will
contribute directly to the earnings per share. Following the acquisition, Imtech
will achieve revenue of around 20 million euro per year in the south-east Asian
ICT market, where it employs more than 70 employees.
René van der Bruggen, CEO Imtech: 'In the context of its 2015 growth strategy,
Imtech sees good opportunities for international growth outside Europe in
certain ICT niche markets, such as software solutions in emerging markets. In
south-east Asia, we already had a 50% interest in F&M Asia, a subsidiary of our
German ICT company Fritz & Macziol (FuM). Acquiring full control of this ICT
company will enable us to push full steam ahead as we seek to secure further
growth in our international ICT activities in the Philippines and Singapore in
particular, where the ICT market is experiencing rapid growth. Further
geographical expansion of our activities in this region will not be ruled out.
The aim is to gain a strong ICT position in this part of the world.'
Imtech ICT in south-east Asia: strong growth ahead
The Philippines, with a population of around 100 million, and Singapore, which
is home to some 6 million people, are among the emerging markets of south-east
Asia. The level of industrial production here is high, with an annual double
digit growth nearly each year, which is reflected in a significant growth in ICT
investments. In the Philippines alone, the volume on the ICT market rose in
2010 by 20% to 11 billion euro. There is a demand for state-of-the-art ICT
service providers with sufficient financial resources, ICT know-how and reliable
ICT services oriented towards the long term.
F&M Asia, with branches in Manila and Singapore, was founded in 2006 by the
current management, since when it has grown by at least 30% every year. The
entire management will be staying on after the remaining share purchase, which
will provide a strong basis for continuity. The business functions primarily as
a major partner for IBM, who has declared it as its System Integration and
Performance Partner in the region.
F&M Asia specialises in IT infrastructure (especially Cloud Computing, where
shared and configurable networks, applications, servers, data storage and
additional IT services are offered to customers; and Virtualisation, the
optimisation of the IT infrastructure), specific software solutions (including
Business Analytics, ERP and Security) and IT services (such as Outsourcing and
Managed Services). Part of the revenue is generated on the basis of off-shoring,
where IT services are offered to Imtech's European customers remotely.
Working closely in partnership with IBM and supported by the European Imtech ICT
headquarters, F&M Asia is expected to grow in its new capacity as a full Imtech
ICT subsidiary. This entails maintaining its current growth track-record of at
least 30% on average every year. At the same time, investigations are underway
to see if further growth could be achieved by opening branches in nearby
countries or territories like Hong Kong, Malaysia, Vietnam, Indonesia or
Thailand, for example. The aim is to establish a strong ICT position in this
part of the world. Imtech ICT already enjoys strong market positions in various
parts of Europe, especially in the Netherlands, Belgium, Germany, Switzerland,
Austria and the UK, and is making inroads in France and Romania.
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More information
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
Imtech N.V. is a European technical services provider in the fields of
electrical engineering, ICT (information and communication technology) and
mechanical engineering. With approximately 27,000 employees, Imtech achieves
annual revenue of around 4.5 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 and Spain, the
European markets of ICT and Traffic as well as in the global marine market. In
total Imtech serves 21,000 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 Euronext Stock Exchange 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/1548776/475974.pdf
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Source: Imtech N.V. via Thomson Reuters ONE
[HUG#1548776]
Unternehmensinformation / Kurzprofil:
Datum: 22.09.2011 - 07:30 Uhr
Sprache: Deutsch
News-ID 68454
Anzahl Zeichen: 6449
contact information:
Town:
Gouda
Kategorie:
Business News
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