Royal Imtech N.V.
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Publicatie datum
04 nov 2008 - 07:31
Statutaire naam
Royal Imtech N.V.
Titel
Breakthrough for Imtech in Scandinavia through acquisition of NVS
Bericht
• Imtech now also one of the largest technical market players in Sweden and Norway
• Basic position obtained in Finland
Gouda, the Netherlands - Imtech (technical services provider in Europe) has acquired Swedish technical services provider NVS (NVS Installation AB). NVS is one of the largest players in the technical mechanical services market in Sweden and Norway, with a basic position in Finland. NVS expects to realise revenue of 350 million euro with more then 2,300 employees. The acquisition allows Imtech to implement its strategic plan for further growth targeted at annual revenues of 5 billion euro in 2012. It also establishes a basis for further growth in Scandinavia, both organically and through additional acquisitions. The purchase price of 235 million euro (excluding cash and cash equivalents) will be financed through a separate loan that Imtech has secured with a syndicate of banks. After the acquisition the Imtech balance sheet will be sufficiently strong to continue implementation of the strategic plan 2012. After the expected approval of the Norway Competition Authority, the acquisition will immediately contribute to earnings per share. The entire management team of NVS will stay on after the acquisition, thus guaranteeing continuity.
Datum laatste update: 01 september 2024