Imtech to divest ICT division

(PresseBox) ( Gouda, )
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.
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