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

  • Parker smartphone app enables real time parking search
    December 6, 2012
    Thanks to a partnership between parking technology provider Streetline and Cisco, drivers in the San Francisco bay area of the US are now able to locate the nearest vacant parking space using just their smartphone and a mobile app called Parker. First deployed in Sausalito, the system has now been installed in San Mateo and San Carlos. It uses a small wireless sensor about the size of a golf hole installed in the parking bay to detect whether the space is occupied by a vehicle. Each sensor wirelessly comm
    Read More
  • Travel times halve for tolling converts
    August 5, 2013
    The Port Mann Bridge in Vancouver is a prime example of how the latest ITS systems enable new infrastructures to be built and paid for while still providing additional user benefits. Vancouver has 2.2 million inhabitants and, like so many major cities, is divided into two by a river, the Frazer river. This combination makes Vancouver the second most congested city in North America and the most congested in Canada. Through the middle of the city runs the Trans-Canadian Highway 1 which crosses the Frazer Riv
    Read More
  • MBTA chooses Cubic to deliver next-generation fare payment system
    November 22, 2017
    Cubic Transportation Systems (CTS) has been selected by the Massachusetts Bay Transportation Authority (MBTA) to install a fare payment system for the region’s multi-modal transit system to allow payment flexibility for customers. The base contract award includes an approximate $575 million (£433 million) for implementation with ten years of operations and maintenance as well two five-year extension options. The agreement also involves a public-private partnership, in which Cubic and John Laing will
    Read More
  • Designa automates parking management
    March 3, 2014
    Germany-headquartered Designa will be at Intertraffic Amsterdam 2014 showing the future where fully automated parking management, together with web-based process management, become the norm. The company will also stress its long history of parking systems expertise, saying that for over 40 years, Designa has been a worldwide technological leader in parking management. Together with Axess, a specialist in access control equipment, and ilogs, a leading player in intelligent eCommerce platforms, the company pr
    Read More

Highlighted Content