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Press release BoxID: 264019 (Imtech Contracting GmbH)
  • Imtech Contracting GmbH
  • Bischofstraße 3
  • 49497 Mettingen
  • http://www.imtech.de
  • Contact person
  • Pieter Koenders
  • +31 (6) 55746585

Imtech strengthens position in Nordic processing industry with acquisition of Sundsvalls Rörteknik

(PresseBox) (Gouda, ) Imtech N.V. (technical services provider in Europe) announces that it has acquired Swedish technical services provider Sundsvalls Rörteknik via its Nordic daughter company NVS. This acquisition will immediately contribute to the revenue per share. The management of Sundsvalls Rörteknik will stay on after the acquisition.

Sundsvalls Rörteknik is an industrial services provider that is specialised in sophisticated mechanical engineering processes. In this market segment, Sundsvalls Rörteknik has an excellent reputation and a strong market position. With approximately 50 employees the company realises revenues of about 6 million euro on annual base.

Synergy

The Swedish Sundsvalls Rörteknik will operate as part of NVS Industry, the industrial division of NVS. NVS Industry will be able to offer total solutions in industrial mechanical engineering throughout Scandinavia via the NVS network of 90 branches. This will reinforce the position of Imtech (NVS) in Scandinavia.

NVS is one of the strongest technical players in the processing industry in Scandinavia, covering, among others, heavy industry, the food and beverage sector and the paper industry. Its range of services includes high-tech energy-saving combining heating and power systems as well as numerous other technical solutions for heating and energy. With the growing demand for energy efficiency, this market is growing substantially. Imtech (NVS) wishes to take strategic advantage of this development.

Growth in Scandinavia

Imtech acquired NVS in November 2008. NVS is one of the largest technical services providers in Sweden, Norway and Finland, with annual revenues of about 350 million euro. The acquisition fits in with Imtech's strategy for further reinforcement of its position in Scandinavia. At the end of March 2009, Imtech also acquired Norwegian industrial maintenance company Olav C. Jensen & Søn.

Imtech Contracting GmbH

Imtech N.V. is a European technical services provider in the fields of electrical engineering, ICT and mechanical engineering. With over 22,500 employees, Imtech achieves annual revenue of around 3.8 billion euro. Imtech holds strong positions in the buildings, industry and infrastructure/mobility 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 19,500 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.