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

  • MaaS to replace 2.3bn annual car journeys by 2023, says Juniper
    October 1, 2018
    Mobility as a Service (MaaS) platforms will replace over 2.3 billion urban private car journeys by 2023, according to new research. This compares with 17.6 million globally in 2018. According to the study from Juniper Research, western Europe will account for 83% of global MaaS trips in 2023. Mobility-as-a-Service: Emerging Opportunities, Vendor Strategies & Market Forecasts 2018-2023 says Helsinki, Finland, will lead MaaS implementation, followed by Stockholm, Sweden and Vienna, Austria.
    Read More
  • Cubic adds NextBus to solutions portfolio
    January 25, 2013
    Cubic Transportation Systems has broadened its portfolio of transportation solutions with the acquisition of NextBus from Webtech Wireless. The US-based integrator of payment and information technology and services for intelligent travel solutions says the acquisition also positions NextBus to accelerate its growth by leveraging Cubic's global presence and customer base. NextBus is a software-as-a-service (SaaS) solution that accurate, real-time arrival information for buses, subways and trains. The system
    Read More
  • EETS: still struggling to become reality
    December 4, 2013
    Erich Erker, Norbert Schindler, Peter Tschulik from Siemens Electronic Tolling examine the barriers to EETS deployment. Tolling in Europe was introduced to pay for the construction and operation of individual tunnels, bridges and highways and has evolved in major steps. The original manual tolling systems were highly disruptive to traffic flow and required the creation of large toll plazas, with multiple lanes and toll booths to ensure an acceptable throughput. With the introduction of Dedicated Short Range
    Read More
  • HNTB expands toll leadership team
    November 27, 2013
    Toll consultant HNTB Corporation has expanded its national toll leadership team by naming a new vice chair of its toll practice and a new director of toll technology consulting and hiring a toll market practice leader, all to advance its clients’ programs as the importance of tolling in the United States grows as a proven funding option for infrastructure. Kevin Hoeflich, with more than 27 years’ industry experience, has joined HNTB as toll market practice leader, with primary focus on the east coast, fo
    Read More

Highlighted Content