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Imtech Marine & Offshore
Sluisjesdijk 155 3087 AG Rotterdam Tel.: +31 10 487 1911 Fax: +31 10 487 1702 E-mail: info@imtechmarine.com www.imtech.eu/marine |
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| Rotterdam, 04 April 2008 | ||
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Imtech strengthens maritime cluster by acquisition Van Berge Henegouwen Installations Luxury yachts portfolio expanded to include high-tech multimedia technology Gouda, The Netherlands, 1 April 2008 - Imtech announces the acquisition of Van Berge Henegouwen Installaties B.V. (VBH). The total purchase price (including earn-out) is based on about five times the EBIT and will be paid in cash. The acquisition will contribute directly to the profit per share. The management of VBH will stay on after the acquisition. Profile Van Berge Henegouwen VBH is a specialist in the field of maritime technology for luxury yachts, such as high-tech entertainment (multimedia, audio and video), communication, security and operational systems, navigation and computer networks. Every year, VBH is responsible for these innovative (total) technological solutions on board six or seven luxury motor and sailing yachts (> 50 metres). VBH has a strong network and has built up an excellent worldwide reputation with its customers. The company is based in Roelofarendsveen (The Netherlands) and employs about 35 people. The revenue achieved by VBH has increased by an average of 30 percent in recent years and was about 12 million euro in 2007. Strategy of Imtech Luxury yachts is an area of work in which Imtech aims to reinforce its position. A trend in this market is the growing demand for integrated networks in which the electrical systems on board make use of the same basic (IP) infrastructure. Imtech and Van Berge Henegouwen co-operate more and more often in the market of luxury yachts. The acquisition of VBH reinforces the maritime portfolio of Imtech a well as enables Imtech to integrate high-tech multimedia technology in the total scope of activities in the areas of automation, electrical systems, propulsion, communication, navigation, IT and security. The expectation is that Imtech's maritime companies (Imtech Marine & Offshore, Radio Holland Group and Hagenuk Schiffstechnik (HST)) will be able to offer clients added value by expanding their range of maritime (total) solutions with the high-tech multimedia technology of Van Berge Henegouwen. As known, Imtech acquires annually orders for dozens of luxury yachts in a large number of countries. Imtech profile Imtech N.V. is a European technical services provider in the fields of electrical engineering, ICT and mechanical engineering. With over 18,000 employees, Imtech achieves annual revenue of more than 3.3 billion euro. Imtech holds strong positions in the buildings, industry and infrastructure/mobility markets in the Netherlands, Belgium, Luxembourg, Germany, Eastern Europe, the UK, Ireland and Spain and in the global marine market. In total Imtech serves 14,000 customers. Imtech offers added-value in the form of integrated and multidisciplinary total solutions that lead to better business processes and more efficiency for customers and the customers they, in their turn, serve. Imtech also offers solutions that contribute towards a sustainable society, for example in the areas of energy, the environment, water and mobility. Imtech shares are listed on the Euronext Stock Exchange Amsterdam, where Imtech is included in the Midcap Index and the Next 150 index. Further information Imtech N.V. Mark Salomons Company Secretary Telephone: Int. + 31 (0)182 54 35 14 E-mail: mark.salomons@imtech.eu www.imtech.eu | ||