Acquisition of AT Furustad strengthens Imtech's position in Norway
Gouda - Imtech N.V. (technical services provider in Europe) announces
the acquisition of the Norwegian technical services provider AT
Furustad, via Imtech Nordic division NVS. This acquisition will make
an immediate contribution to the revenue per share. The management
team of AT Furustad will stay on after the acquisition.
AT Furustad, a small all-round technical services provider, is
situated in Sandefjord in the Vestfold region in Norway. The company
specialises in mechanical processes and air conditioning and climate
control technology, both in new building and maintenance, management
and services, including project management and engineering. AT
Furustad has an excellent local reputation and a wide customer
portfolio. The specialised staff of around 15 people generates an
annual revenue of almost 1.5 million euro. The acquisition is now
awaiting approval by the Norwegian competition authorities.
Synergy
The Norwegian AT Furustad will become a part of NVS Norge, the
Norwegian division of NVS, and will be integrated in the existing NVS
branch in Sandefjord. This will expand the scale of operations and
improve the market position. The customer databases of both companies
are complementary. The acquisition strengthens Imtech (NVS)'s
position in Norway. NVS Norge currently employs 450 technical
specialists and is one of the major players on the technical services
market in Norway.
Growth in the Nordic
In November 2008 Imtech acquired NVS. With an annual revenue of
around 350 million euro, NVS is one of the largest technical services
providers in Sweden, Norway and Finland. This acquisition fits in
with Imtech's strategy for strengthening its position further in the
Nordic. Earlier this year Imtech acquired already Norwegian technical
services provider Olav C. Jensen & Søn and the Swedish specialists in
high-quality process technology Sundsvalls Rörteknik.
0-0-0-0-0-0-0-0-0-0-0-0
More information
Media: Analysts & investors:
Mark Salomons Jeroen Leenaers
Company Secretary Manager Investor Relations
T: +31 182 543 514 T: +31 182 543 504
E: E: jeroen.leenaers@imtech.eu
mark.salomons@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/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
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.