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Royal Imtech N.V.

Royal Imtech N.V.

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Publicatie datum 22 sep 2011 - 07:35
Statutaire naam Royal Imtech N.V.
Titel Imtech to expand its ICT activities in south-east Asia
Bericht Gouda - Imtech (technical services provider in Europe) is increasing its 50% interest in its ICT subsidiary F&M Asia to 100%, giving it total control over its growing ICT activities in south-east Asia. The deal will entail the acquisition by Imtech of the remaining shares currently held by its partner, ALK Holdings & Management. The acquisition will be paid for in cash and will contribute directly to the earnings per share. Following the acquisition, Imtech will achieve revenue of around 20 million euro per year in the south-east Asian ICT market, where it employs more than 70 employees. René van der Bruggen, CEO Imtech: ‘In the context of its 2015 growth strategy, Imtech sees good opportunities for international growth outside Europe in certain ICT niche markets, such as software solutions in emerging markets. In south-east Asia, we already had a 50% interest in F&M Asia, a subsidiary of our German ICT company Fritz & Macziol (FuM). Acquiring full control of this ICT company will enable us to push full steam ahead as we seek to secure further growth in our international ICT activities in the Philippines and Singapore in particular, where the ICT market is experiencing rapid growth. Further geographical expansion of our activities in this region will not be ruled out. The aim is to gain a strong ICT position in this part of the world.’