Imtech to divest ICT division

Technical services provider Royal Imtech takes a further step in its previously announced debt reduction program with the announcement of its intention to divest its ICT division. As announced on 18 March 2014, Imtech continues to be focused on achieving a long term sustainable capital structure and is committed to reduce indebtedness by at least US$554 million. To realise this debt reduction, Imtech will continue to review all options. The ICT division will be divested through an auction process in
April 17, 2014 Read time: 2 mins
Technical services provider Royal 769 Imtech takes a further step in its previously announced debt reduction program with the announcement of its intention to divest its ICT division.

As announced on 18 March 2014, Imtech continues to be focused on achieving a long term sustainable capital structure and is committed to reduce indebtedness by at least US$554 million. To realise this debt reduction, Imtech will continue to review all options.

The ICT division will be divested through an auction process in order to optimize the transaction value in the best interest of all stakeholders.

In 2013, the revenue of the ICT division amounted to US$1.025 billion with an operational EBITDA of US$51 million. The ICT division employs 2,380 staff and has strong partnerships with worldwide technology leaders such as 1028 Cisco, 62 IBM, 2214 Microsoft, Juniper and 7352 SAP. Its strategy is built on five key portfolio offerings: cloud solutions, managed services, business analysis, collaboration solutions and business solutions. Imtech ICT provides services to approximately 7,000 customers in the Netherlands, Germany, Austria, Sweden, Belgium, Switzerland, the UK and the Philippines.

Imtech stresses that the divesture of the ICT division will not have an impact on the value proposition for its customers. Automation expertise and know-how in the field of amongst others building automation, infrastructure automation, telecommunication, industrial automation and technical automation are an integral part of the offered value proposition of the other Imtech divisions.
Detection, Monitoring & Machine Vision Classification & Data Collection Urban Traffic Control

For more information on companies in this article

Related Content

  • ITS Australia supports funding proposal for industry research
    October 27, 2016
    ITS Australia has welcomed the transport industry’s final application to the Federal Government’s US$498 million (AU$653 million) Cooperative Research Centres (CRC) Program, which has been established to solve industry identified challenges through outcome-focused collaborative research partnerships. ITS Australia, the national body for the intelligent transport systems (ITS) industry, is a consortium member of iMOVE CRC, one of seven shortlisted applicants. With a focus on developing substantial imp
    Read More
  • Robust growth for Sensys
    August 21, 2014
    Orders from the Swedish Transport Administration (STA -Trafikverket) have contributed to Sensys Traffic’s net sales in the second quarter of 2014, which rose by 127 per cent. This robust growth was primarily fuelled by speed measurement system deliveries to the Swedish automatic safety control (ATC) stations. The orders, for monitoring systems, roadside cabinets and spare parts for speed enforcement enabled the company to deliver an operating profit of US$970,000. The company’s gross margin for the quart
    Read More
  • Chris Tomlinson: 'My golden rule is have an open mind’
    July 27, 2021
    The executive director of Georgia’s mobility authorities explains tolling’s place in demand management, the benefits of being mode-agnostic and how to learn from other agencies
    Read More
  • ASECAP widens its influence and fosters debate in Dubrovnik
    August 5, 2013
    Jason Barnes reports from the ASECAP Days 2013 event, which took place in Dubrovnik. ASECAP, the European tolling association held its 41st annual Study and Information Days event in Dubrovnik, Croatia, which attracted more than 200 figures from the road infrastructure sector in Europe and beyond. A series of presentations over two days brought attendees up to date with developments in a variety of policy and technology fields and discussed a number of developing and new topics, such as GNSS-based tolling a
    Read More

Highlighted Content