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

  • Marben shows V2X successes at World Congress
    September 8, 2014
    Marben Products is here at the ITS World Congress flushed with major successes achieved this year. The US NHTSA connected vehicle decision and the French government Scoop@F initiative (3,000 vehicles and 2,000 km of roads equipped with V2X) are new significant steps towards the large scale deployment of the Vehicle-to-Vehicle and Vehicle-to-Infrastructure (V2X) communication technology.
    Read More
  • Global ITS market expected to reach US$ 30.2 billion by 2019
    October 3, 2013
    According to a new market report published by Transparency Market Research, "Intelligent Transportation System (ITS) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," the global market for ITS is expected to reach a value of USD 30.2 billion by 2019, at a CAGR of 11.1 per cent from 2013 to 2019. The demand for ITS systems is rising globally due to increased congestion in metropolitan areas. Development and deployment of intelligent transportation system not only r
    Read More
  • Parkopedia partners with IBM and GM on in-vehicle information
    October 31, 2016
    Parkopedia is to provide parking data and payment services for the OnStar Go cognitive mobility platform recently announced by General Motors and IBM. Beginning in early 2017, OnStar will provide millions of GM drivers with the ability to connect and interact with their favourite brands. The platform will deliver personalised content through the dashboard and other digital channels supported by the OnStar Go network to make the most of time spent in the car. Combining OnStar’s vehicle connectivity and
    Read More
  • Smartgo Loughborough launches
    October 16, 2014
    A new programme is being launched in Loughborough to help local businesses make commuting and business travel cheaper, easier and more sustainable. Smartgo Loughborough will provide Loughborough employers and their staff with a range of travel benefits and services to save money, improve health and enhance corporate responsibility. The programme also includes transport expertise and collaboration opportunities with other employers and transport providers. Smartgo networks are co-ordinated by sustaina
    Read More

Highlighted Content