Only available in English
Royal Imtech announces its intention to divest its ICT division and
takes a further step in the previously announced debt reduction program.
As announced on March 18th, 2014, Imtech continues to be focussed on
achieving a long term sustainable capital structure and is committed to
reduce indebtedness by at least 400 million euro. To realise this debt
reduction, Imtech will continue to review all options. Today's
announcement of the intended divesture of the ICT division is a part of
this debt reduction program.
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 740 million euro
with an operational EBITDA of 37 million euro. The ICT division employs
2,380 staff and has strong partnerships with worldwide technology
leaders such as Cisco, IBM, Microsoft, Juniper and 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.
The divesture of the ICT division will not have an impact on the value
proposition for our 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.
Further announcements on the divesture process of the ICT division will
only be made if and when relevant.
More information
Media: Analysts & investors:
Dorien Wietsma Jeroen Leenaers
Director Corporate Communication & CSR Director Investor Relations
www.imtech.com www.imtech.com Imtech profile
Royal Imtech N.V. is a European technical services provider in the
fields of electrical solutions, ICT and mechanical solutions. With
approximately 26,000 employees, Imtech is active attractive positions in
the buildings and industry markets in the Netherlands, Belgium,
Luxembourg, Germany, Austria, Eastern Europe, Sweden, Norway, Finland,
the UK, Ireland and Spain, the European markets of ICT and Traffic as
well as in the global marine market. In total Imtech serves 24,000
customers. Imtech offers 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 traffic.
Imtech shares are listed on the NYSE Euronext Amsterdam.
PDF: Persbericht (only available in English)
http://hugin.info/130755/R/1778029/607162.pdf http://www.imtech.com (END) Dow Jones Newswires
April 17, 2014 02:01 ET (06:01 GMT)