Imtech to divest ICT division
April 17 2014 - 2:01AM
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.
More
information
Media: |
Analysts &
investors: |
Dorien Wietsma
Director Corporate Communication & CSR
T: +31 182 54 35 53
E: dorien.wietsma@imtech.com
www.imtech.com |
Jeroen Leenaers
Director Investor Relations
T: +31 182 54 35 04
E: jeroen.leenaers@imtech.com
www.imtech.com |
Imtech
profile
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.
PDF: Press Release
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Imtech via Globenewswire
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