Imtech: number of marine service and maintenance contracts rises to 5,000 vessels

Gouda, the Netherlands - Imtech (technical services provider in Europe and on the global marine market) is observing a substantial increase in the number of marine service and maintenance contracts managed by Imtech. Recently Imtech signed a new global partnership agreement for 350 vessels operated by an international ship operator in Hong Kong, which granted Imtech a preferred service vendor status. As a result, Imtech passed the 5,000 mark for ships under various types of contract and partnership agreements. In addition, the company renewed its existing contract for the maintenance of technical infrastructure on all NAM drilling rigs in the North Sea. Imtech is also observing further growth in the number of technical conversions and renovations, for which the company gained several new orders. The combined order intake for recent new service and maintenance contracts and technical conversions and renovations totals over 40 million euro. René van der Bruggen, CEO Imtech: 'In strategic terms, Imtech's focus in the marine market is on a lifecycle approach with a strong emphasis on an optimum total cost of ownership, i.e. the lowest costs for the technical infrastructure on board a ship throughout the vessel's entire operational life. This offers customers added value and results in greater efficiency. More and more customers believe in this approach. With over 70 service offices in all major ports across the globe, Imtech offers nearly worldwide coverage. By entering into global, long-term relationships in the form of managed services contracts, Imtech can constantly improve the efficiency of its services. This results in a win-win situation with clients. By now, we manage over 5,000 ships under contract.' New marine service and maintenance contracts Imtech's marine division recently signed a managed services contract with an international ship operator in Hong Kong. Under the contract, which was concluded by the Imtech Marine company Radio Holland, Imtech will handle the service and maintenance of all navigation and communications systems on board 350 vessels. Imtech currently also has service and maintenance contracts with firms like A.P. Moller - Maersk, Reederei Blue Star, Vroon Ship Management and NYK LNG Shipmanagement (UK) and others. In addition, Imtech maintains the technology on countless drilling rigs. For example, the company extended its existing contract with AJS - a joint venture of AMEC, Jacobs Engineering and Stork Industry Services and part of ONEGas, a combined business unit of Shell Expro and NAM - for a term of three years. The contract covers the technical maintenance and management of all electrical systems and air and climate control facilities on board all NAM oil and gas rigs on the Dutch continental shelf in the North Sea. In addition, Imtech also landed a contract in Asia for upgrading and maintenance work on telecommunications systems on a Kebabangan Petroleum drilling rig in Malaysia. Number of conversions and renovations on the rise The number of conversions and renovations is showing further growth. Imtech is involved in several technological upgrades of navy vessels, luxury yachts and passenger ships. A good example is the conversion of the HVAC (Heating, Ventilation and Air Conditioning) facilities on board two former Stena Line passenger ships that have been chartered by the Canadian corporation Marine Atlantic and are currently being used for passenger transport in the waters around the Canadian province of Nova Scotia. The ships will be shortened and the cold climate in Canada requires special modifications to be made to the on-board air and climate control solutions. 0-0-0-0-0-0-0-0-0-0-0-0 More information Media: Analysts & investors: Pieter Koenders Jeroen Leenaers Director Group Communications Manager Investor Relations T: +31 655 74 65 85 T: +31 182 54 35 04 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 (information and communication technology) and mechanical engineering. With approximately 26,000 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, amongst others 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/1544907/473623.pdf This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Imtech N.V. via Thomson Reuters ONE [HUG#1544907]