Imtech acquires Swedish energy specialist Ventkontroll
(Thomson Reuters ONE) -
Gouda - Imtech (technical services provider in Europe) announces that it has
acquired the Swedish energy and climate specialist Ventkontroll. This
acquisition allows Imtech to strengthen its position in the Swedish energy
market. The acquisition will be paid in cash and will directly contribute to the
earnings per share. With a workforce of 55 employees, Ventkontroll realises
annual revenue of around 7 million euro. This is the sixth of Imtech's
acquisitions in the Nordic region this year, which have already added close to
160 million euro to the company's revenue and 880 employees - including 350
technical energy specialists - to its workforce.
Imtech CEO René van der Bruggen: 'We have decided in the context of our 2015
growth strategy to strengthen our position in Sweden with the regional energy
and climate specialist Ventkontroll, which is primarily active in the
Östergötland growth region. As we still have a modest position in this area, the
current acquisition will strengthen our competitive position. At the same time,
we will once again be expanding our position in the growing Swedish energy
market. We already acquired energy specialist Sydtotal in July of this year.
Collaboration between these two companies and our other subsidiaries in Sweden,
Norway and Finland offers good prospects for further growth.'
Ventkontroll profile
Ventkontroll is a strong regional player in the Swedish market for energy and
climate technology. Established in 1973, the firm is active in the Östergötland
region and has locations in both Linköping and Norrköping. Numerous major
Swedish companies have set up local offices in this region, which is currently
enjoying strong economic growth. In addition, Östergötland is home to
universities, high schools and various regional hospitals. Ventkontroll is
specialised in the design, installation and maintenance of high-tech air
conditioning and climate control solutions. The company has a strong, well-
spread portfolio of customers and is mainly active in public-sector segments
like government buildings, hospitals, retirement homes and education.
Ventkontroll enjoys a strong reputation within its sector as an expert provider
of total solutions in the area of energy technology, one that relies on high-
quality technical core competencies. Over 25% of the firm's revenue is realised
on the basis of long-term maintenance contracts. Its key customer is the
regional government (Regi Council), which acts as client in projects aimed at
improving energy management and energy infrastructures at hospitals in Linköping
and Motala, for example. Recently, Ventkontroll obtained a three-year framework
contract with this customer - with an optional extension of one year - for the
realisation of substantial energy improvements at a large number of government
buildings. The company was also awarded a comparable long-term contract by the
major property manager Norrporten. Ventkontroll also works for various
educational institutions - realising, for example, the energy improvements for
the Erlaskolan University Norrköping, which has a student body of some 500.
Fifth acquisition in the Nordic region this year
Besides acquiring the Swedish energy specialist Sydtotal, Imtech in Norway
already acquired two other companies earlier this year, namely Unireg (software
for building automation and energy management technology) and Elajo Installasjon
(electrical specialist in the area of security, energy and technical
automation). In Sweden, Imtech acquired the small provider of technical services
Comfortgruppen. Besides this, Imtech acquired the Swedish ICT company Qbranch.
Through these acquisitions, Imtech has added close to 160 million euro to its
annual revenue, as well as welcoming 880 new employees - including 350 technical
energy specialists - to its workforce.
Strong position in the Nordic region
With some 4,600 employees and pro-forma revenue of over 600 million euro in
2010, Imtech Nordic is one of the strongest technical players in the Nordic
region (Sweden, Norway and Finland). It has gained this position by acquiring
NVS (mechanical solutions) and NEA (electrical solutions), together with ten
smaller complementary acquisitions. In line with its 2015 growth strategy,
Imtech aims to realise substantial growth in the Nordic region. This will be
achieved by integrating NVS and NEA into a strong multidisciplinary provider of
total technical solutions, under the name Imtech Nordic. Imtech's strategic
growth policy also outlines further strengthening of the company by means of
acquisitions. In this context, the acquisition of Ventkontroll adds new high-
quality specialisms in the field of energy technology and energy savings to
Imtech's strengths. Ventkontroll will be starting an intensive collaboration
with Imtech's energy specialist Sydtotal, which was acquired in July of this
year. This will lead to extra growth opportunities. In total and according to
the successful Imtech approach, Imtech is building a strong multidisciplinary
base of companies in the Nordic region making it possible to deliver total
technical solutions by combining electrical services with ICT - information and
communication technology - and mechanical services.
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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 solutions, ICT (information and communication technology) and
mechanical solutions. With more than 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 NYSE Euronext Amsterdam, where Imtech is included in
the Midkap Index. Imtech shares are also included in the Dow Jones STOXX 600
index. Per February 2011 Imtech has granted the designation Royal.
pdf version of press release:
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Source: Imtech N.V. via Thomson Reuters ONE
[HUG#1560284]
Unternehmensinformation / Kurzprofil:
Datum: 03.11.2011 - 07:30 Uhr
Sprache: Deutsch
News-ID 83415
Anzahl Zeichen: 8139
contact information:
Town:
Gouda
Kategorie:
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