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.
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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.
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Source: Imtech N.V. via Thomson Reuters ONE
[HUG#1544907]
