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

Related Content

  • EU funding kick-starts EETS studies
    February 4, 2014
    The regional European Electronic Toll Services (EETS) initiative is about to be kick-started by over US$3 million of co-financing from the European Union TEN-T Program. A a series of studies aimed at deploying EETS on a cross-border regional scale, selected for funding under the 2012 TEN-T multi-annual programme, specifically cover the electronically tolled primary road network of seven member states: Austria, Denmark, France, Germany, Italy, Poland and Spain, and Switzerland, which receives no EU suppor
    Read More
  • Kapsch TrafficCom strengthens presence in Mexico
    August 6, 2012
    Austria-headquartered Kapsch TrafficCom has announced that its subsidiary, Kapsch TrafficCom Canada (KTCC), has made a significant investment in Simex, Integracion de Sistemas, a Mexican systems integration company with 28 years of experience in the Mexican market in the fields of automation and control, toll collection, security and parking systems.
    Read More
  • Time for a rethink on road user charging
    February 1, 2012
    There is no value in further US VMT charging trials, except to delay the inevitable. These trials should end after completion of the University of Iowa's National Evaluation of a Mileage-based Road User Charge. There is far greater promise in unleashing private operators to commence profitable, non-tolling services, then using these for toll assessment and collection as fuel distributors are currently used to collect fuel taxation. Bern Grush writes
    Read More
  • IBM Research boosts Battery 500 project
    April 23, 2012
    IBM has announced that two industry leaders, Asahi Kasei and Central Glass, will join its Battery 500 Project team and collaborate on far-reaching research with the potential to accelerate the switch from gasoline to electricity as the primary power source for vehicles. In 2009, IBM Research pioneered a sustainable mobility project to develop lithium-air battery technology capable of powering a family-sized electric car for approximately 500 miles (800 km) on a single charge.
    Read More

Highlighted Content