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

  • Priority for safety and interoperability, need for DSRC
    July 18, 2012
    Justin McNew, Chief Technology Officer, Kapsch TrafficCom Inc., USA offers his opinion of where 5.9GHz DSRC technology will head in the coming years. The debate ranges back and forth over the most suitable technological solution for future tolling and charging in the US. However, the coming trend is common cooperative infrastructure: instrumented roads and vehicles with the capacity to communicate with each other over all manner of safety, mobility and traveller applications, many of which will involve fina
    Read More
  • Automated fare collection market predicted to almost double by 2021
    June 3, 2016
    According to a new market research report, Automated Fare Collection Market by Application (Rail and Transport, Parking), by Service Type (Consulting, System Implementation), by Technology, by Industry, by Region - Global Forecast to 2021, published by MarketsandMarkets, the global automated fare collection (AFC) market is estimated to grow from US$6.42 billion in 2016 to US$11.95 billion by 2021, at an estimated compound annual growth rate (CAGR) of 13.2 per cent. Automated fare collection applications
    Read More
  • ITS asset management matters
    April 26, 2013
    Maintenance of on-road ITS kit needs to become more sophisticated; while new technologies can deliver better road maintenance. David Crawford investigates both sides of the issue "Good information is key to effective ITS asset maintenance,” says Ian Routledge of the Ian Routledge Consultancy (IRC), whose Imtrac (Information Management for TRAffic Control) system is poised for European expansion. Developed as an ‘intelligent filing cabinet’ for storing information about on-road equipment, the online database
    Read More
  • Vodafone and IBM to provide new tech to National Express
    September 4, 2019
    Tech giants Vodafone and IBM have signed an eight-year deal to equip National Express coaches with cloud and digital services to improve safety. Vodafone Business and IBM joined forces in January to offer customers access to technologies for integrating multiple clouds. Debbie O’Shea, group chief information officer for National Express, says: “This partnership enables us to move to a cloud environment giving us a future-proofed platform with increased flexibility that will better support our business.”
    Read More

Highlighted Content