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

  • Leading Finland’s transport revolution
    July 18, 2017
    Anne Berner, Finland’s minister of transport and communications, does not fit the normal political mould. She is not a career politician but a business executive who became a member of parliament in 2015 and has said from the outset that she will only serve one term. Without concerns about being re-elected and a clear view of the future of transport, Berner can concentrate on what needs to be done - tackling some of the more contentious and intransigent subjects. Her name is best known for two major initiat
    Read More
  • European Truck Platooning Challenge winds up at Intertraffic
    March 2, 2016
    As holder of the EU Presidency in 2016, the Netherlands has organised the 2016 European Truck Platooning Challenge and it is no coincidence that it will involve Intertraffic Amsterdam. Truck platooning, where two or more trucks travel in convoy very close to each other, provides many benefits. The first truck does the driving while the ones following are connected by a wireless electronic communications system, like the carriages of a train.
    Read More
  • The benefits of combining enforcement and traffic management
    February 27, 2013
    Jason Barnes considers how combining enforcement equipment with other traffic management technologies might benefit our future – if only the will were really in place to do so. During the ITS World Congress in Vienna in October last year, Navtech Radar and Vysion­ics ITS announced a strategic partnership that would combine the expertise of Navtech in millimetre-wave wide-area surveillance technology with Vysionics’ machine vision-based automatic number plate recognition (ANPR) and average speed measurement
    Read More
  • Authorities select enforce now, pay later option
    October 19, 2015
    Outsouring of enforcement services is on the increase internationally as highway and traffic authorities seek further support in resources and expertise from the private sector. Jon Masters reports. Signs of a significant company making moves into a new market can usually be read as indication of likely growth in that particular sector. Q-Free’s expansion from tolling operations into general traffic enforcement could be viewed as surprising as it is moving into what are relatively mature and consolidating m
    Read More

Highlighted Content