Imtech N.V. (technical services provider in Europe) is announcing the acquisition of the Finnish hightech traffic control specialist YSP. Employing 25 people, YSP has an annual revenue of almost 3 million euro. The acquisition contributes directly to the earnings per share.
René van der Bruggen, the CEO Imtech: 'Strategically, the Nordic region (Sweden, Norway and Finland) forms an important growth market for Imtech. For this reason, we recently acquired the Swedish company NEA (2,200 employees). In terms of size, YSP is a relatively modest firm, but it has nevertheless been a successful frontrunner in hightech traffic solutions in Finland for twenty years. The acquisition of YSP and the intensification of the internal cooperation between various traffic companies within Imtech in Europe will lead to further growth, and represents a significant step forward in establishing a strong position in the traffic market in the Nordic region and the rest of Europe.'
YSP profile
YSP is a traffic control specialist, founded in 1984, and is based near the Technology Campus of the University of Jyväskylä in Finland. YSP is a very strong player on Finnish traffic technology market, and specialises in the full range of hightech traffic control, including traffic telematics, traffic applications, ICT (automation and software), 'electric design' and the complete integration and implementation of these systems along motorways, in road tunnels and in cities. Maintenance and management form a significant and increasing component of the company's overall income: an example is a contract with the Finnish Transport Agency.
The position of Imtech on the European traffic market
Imtech is in a strong position on the European traffic market. With around 1,000 traffic specialists, the company provides hundreds of customers in the interurban and urban market with a wide range of hightech traffic solutions, varying from intelligent transport systems to dynamic traffic management, safety, and enforcement, and reductions in harmful environmental effects, as well as priority systems and dynamic travel information. Imtech is also a strong player in the hightech traffic and mobility centre market. The company is active in the Netherlands, the UK, Belgium, Central and Eastern Europe (especially Poland and Croatia), Sweden and Finland, and exports mobility solutions to the rest of Europe and beyond as well. From a strategic point of view, the Nordic region is an important growth region for Imtech, including in the traffic market.
Synergy
The cooperation between YSP and Peek Traffic (the Imtech traffic technology specialist) in Sweden and Finland will lead to further strengthening of the position in Nordic, while complementary customer databases will form an outstanding basis for crossselling. The exchange of technological knowledge will make it possible to provide extensive technological packages. Experience of making technological traffic solutions work, and keeping them working, under exceptionally cold weather conditions means Imtech is in a position to operate markets in the north of Norway and Sweden, as well as in Russia and the Baltic countries. Because of the greater revenue volume, investments in technology will yield returns more quickly, and this will strengthen the company's competitive position. YSP's management team will stay on after the acquisition, guaranteeing continuity.
Story Box-ID: 363158
Imtech Contracting GmbH
Bischofstraße 3
49497
Mettingen,
Germany
http://www.imtech.de
Contact
Mr
Pieter
Koenders
+31 6 55746585
Imtech Contracting GmbH
Imtech N.V. is a European technical services provider in the fields of electrical engineering, ICT and mechanical engineering. With approximately 23,000 employees, Imtech achieves annual revenue of more then 4.3 billion euro. Imtech holds strong positions in the buildings, industry and infrastructure/traffic markets in the Netherlands, Belgium, Luxembourg, Germany, Eastern Europe, Nordic, the UK, Ireland and Spain and in the global marine market. In total Imtech serves 20,000 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 Midkap Index. Imtech shares are also included in the Dow Jones STOXX 600 index.
