Gouda, the Netherlands - Imtech N.V. (technical services provider in Europe) announces that its sells its Swedish technical wholesale activities - the NEA Elmateriel AB business unit of Imtech Nordic - to Ahlsell Sweden (Ahlsell Sverige AB).
René van der Bruggen, CEO Imtech: 'Selling of our Swedish technical wholesale activities allows us to fully concentrate on our core business of technical services providing in Sweden, Norway and Finland. We are in this region on the eve of an integration of the electrical activities of NEA with the mechanical activities of NVS. Together, these companies in 2012 will continue as Imtech Nordic with the aim of delivering complete multidisciplinary technical services to its more than 2,000 customers. Goal is to achieve higher added value for these customers by cross-selling and to increase both revenue and profitability. In this framework we are also looking for further acquisitions.'
Selling technical wholesale activities
Imtech has a 100% interest in in the business unit NEA Elmateriel, which was obtained with the acquisition of NEA (Närkes Elektriska AB) in June 2010. Technical wholesale is not the core business of Imtech; hence these activities are now being deconsolidated. Accession of NEA Elmateriel to Ahlsell Sweden makes it possible to significantly strengthen Ahlsell's market position in Sweden, while maintaining the employment of employees of NEA Elmateriel. At the same time a purchase agreement between Imtech Nordic (for both the electrical services activities of NEA and the mechanical activities of NVS) and Ahlsell has been agreed that Imtech for a period of 5 years can make use of favourable conditions for the complete delivery palette of Ahlsell.
NEA Elmateriel profile
NEA Elmateriel is one of the larger electrical wholesale organisations in Sweden. This business unit serves its clients spread across eight regions in Sweden with a total of 40 local branches. With approximately 170 employees NEA Elmateriel realises annual revenue of around 90 million euro, of which 50% is internal revenue (within NEA) and 50% is external revenue (with third parties).
The acquisition is subject to the approval of the Swedish competition authority.
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| Pieter Koenders Director Corporate Communications T: +31 655 74 65 85 E: pieter.koenders@imtech.eu (mailto:pieter.koenders@imtech.eu) www.imtech.eu (http://www.imtech.eu) | Jeroen Leenaers Manager Investor Relations T: +31 182 54 35 04 E: jeroen.leenaers@imtech.eu (mailto:jeroen.leenaers@imtech.eu) www.imtech.eu (http://www.imtech.eu) |
Imtech profile
Imtech N.V. is a European technical services provider in the fields of electrical engineering, ICT (information and communication technology) and mechanical engineering. With approximately 26,000 employees, Imtech achieves annual revenue of around 4.5 billion euro. Imtech holds strong 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 21,000 customers. Imtech offers added value with 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.
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Source: Imtech N.V. via Thomson Reuters ONE
