Imtech Acquires Techsol Marine

(Press Release)
Friday, September 16, 2011

Imtech N.V. acquired the Canadian marine company Groupe Techsol Marine. This strategic acquisition means that Imtech has now a high-tech marine production site available in Canada. The acquisition also strengthens Imtech's service and maintenance foothold in North-America. With over 100 employees, Groupe Techsol Marine realises annual revenues of around 20 million euro. The acquisition will be paid in cash and will directly contribute to the earnings per share.
Imtech CEO René van der Bruggen: 'We enjoy a strong position in the global marine market, being active in over 20 countries at more than 70 local offices along all major shipping routes and near major shipbuilding centres. In accordance with our strategic growth plan, we aim to significantly strengthen our marine activities. Through a combination of organic growth and acquisitions, Imtech aims to double the revenue of its marine division to approximately 1 billion euro by 2015. In this context, Imtech intends to open marine production and multi-services sites in important new areas, where we will be equipping newly-built ships and refit projects with total technological solutions and at the same time offering customers first class service and maintenance support. Groupe Techsol Marine fits perfectly in our strategic plans. Under Imtech's technological and financially strong wings, the new Imtech company is expected to show continued healthy growth.'

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