Management change RH Netherlands, growth of RH Group

Rotterdam, 14 July 2008

As from 1 May 2008 Guido Speelman assumed the function of General Manager of Radio Holland Netherlands Rotterdam. His predecessor Paul Smulders assumed the position of Global Operations Manager for the Radio Holland Group headquarters in Rotterdam. Guido Speelman has ample experience in managerial positions at several companies, such as KPN (Dutch supplier in telephone- internet- and television services) where he worked amongst others as General Manager and Senior Manager Operations. Paul Smulders held various positions in the last 19 year at Radio Holland in The Netherlands as well as in Asia. The last 6 years Paul Smulders held the position of General Manager for Radio Holland Netherlands.

As from May 2006 Radio Holland is part of Imtech N.V. and is growing steadily over the last years. At this moment Radio Holland has 60 branches all over the world along the most important waterways. Recently Radio Holland opened offices in Bergen (Norway), St. Catherines and Montreal in Canada and in Panama. Radio Holland also purchased the South African company Pertec S.A. and has now gained a leading position in the South African marine market. The turnover of Radio Holland amounted to € 157 mln in 2005 and has increased over the past two years up to € 212 mln. Radio Holland Netherlands is the largest RH branch and realized a growth of turnover of nearly € 10 mln during the last years.

Managed Services Agreements

The order book worldwide is well filled and the so-called MSA’s (Managed Services Agreements) take up a growing part in this. When such an agreement is concluded Radio Holland takes the responsibility to keep the NavCom equipment on board operational. By outsourcing the complete process through an MSA, the ship owner gains efficiency. More and more ship owners are interested in the Managed Services Agreements Radio Holland offers.

Imtech Marine Group

Radio Holland is part of the Imtech Marine Group. This group consists of 5 maritime Imtech companies: HDW-Hagenuk Schifftechnik, Imtech Marine & Offshore, Imtech Schiffbau-/Dockbautechnik, Royal Dirkzwager and Radio Holland Group. In combining their forces the Imtech Marine Group can offer complete innovative solutions in various fields of expertise, such as NavCom, automation, HVAC (heating, ventilation and air-conditioning), fire fighting, propulsion, service and information services.

Profile of the Radio Holland Group

Radio Holland Group (founded in 1916) is internationally active as an independent product and manufacturer supplier in the fields of satellite- and radio communication, automation, observation- and navigation systems. Its worldwide service network Radio Holland Group has an excellent position in the service and after sales market. Radio Holland Group is part of Imtech N.V. a renowned European technical services provider for electrical engineering, ICT and mechanical engineering and holds strong positions in the buildings, industry, infra/mobility markets and the worldwide marine industry. The headquarters of Radio Holland are located in Rotterdam and there are branch offices located along the main shipping routes in the USA, Canada, Caribbean, Asia, Africa, Europe and the Middle East, 60 in total. This world wide network of own branches is an “added value” of Radio Holland Group. Service can be provided wherever and whenever the customer requires. A global service database offers relevant management information to shipowners about their fleet and equipment status. Another fast growing activity is satellite airtime. More information www.radiohollandgroup.com