Imtech strengthens position in Nordic processing industry with
acquisition of Sundsvalls Rörteknik
Gouda - Imtech N.V. (technical services provider in Europe) announces
that it has acquired Swedish technical services provider Sundsvalls
Rörteknik via its Nordic daughter company NVS. This acquisition will
immediately contribute to the revenue per share. The management of
Sundsvalls Rörteknik will stay on after the acquisition.
Sundsvalls Rörteknik is an industrial services provider that is
specialised in sophisticated mechanical engineering processes. In
this market segment, Sundsvalls Rörteknik has an excellent reputation
and a strong market position. With approximately 50 employees the
company realises revenues of about 6 million euro on annual base.
Synergy
The Swedish Sundsvalls Rörteknik will operate as part of NVS
Industry, the industrial division of NVS. NVS Industry will be able
to offer total solutions in industrial mechanical engineering
throughout Scandinavia via the NVS network of 90 branches. This will
reinforce the position of Imtech (NVS) in Scandinavia.
NVS is one of the strongest technical players in the processing
industry in Scandinavia, covering, among others, heavy industry, the
food and beverage sector and the paper industry. Its range of
services includes high-tech energy-saving combining heating and power
systems as well as numerous other technical solutions for heating and
energy. With the growing demand for energy efficiency, this market is
growing substantially. Imtech (NVS) wishes to take strategic
advantage of this development.
Growth in Scandinavia
Imtech acquired NVS in November 2008. NVS is one of the largest
technical services providers in Sweden, Norway and Finland, with
annual revenues of about 350 million euro. The acquisition fits in
with Imtech's strategy for further reinforcement of its position in
Scandinavia. At the end of March 2009, Imtech also acquired Norwegian
industrial maintenance company Olav C. Jensen & Søn.
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More information
Media: Analysts & investors:
Pieter Koenders Jeroen Leenaers
Manager Corporate Communications Manager Investor Relations
T: +31 6 5574 6585 T: +31 182 543 504
E: pieter.koenders@imtech.eu E: jeroen.leenaers@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 over
22,500 employees, Imtech achieves annual revenue of around 3.8
billion euro. Imtech holds strong positions in the buildings,
industry and infrastructure/mobility 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
19,500 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.
This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.
