Imtech to divest ICT division
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.
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.