Radio Holland Group Now Officially Part of Imtech N.V.

Thursday, May 11, 2006
Radio Holland Group B.V. and Imtech N.V. (technical services provider in Europe) announce that the intended acquisition of Radio Holland Group, international specialist in marine satellite and radio communications, automation, and observation and navigation systems is definitive. The acquisition has been approved by both the NMa (Dutch Competition Authority) and German Bundeskartellamt (German Federal Cartel Office). This acquisition will almost double revenues of Imtech in the maritime market, which yields a place it in the global top 5. The acquisition price, including an earn-out, is approximately 47 million euro and will be paid in cash. The acquisition fits the Imtech strategy of further international growth in the marine market and makes a direct contribution to the earnings per share. Dé Slager, CEO of Radio Holland Group, said: “The partnership with ABN AMRO Capital was instrumental in increasing the efficiency of our business operating model and achieving substantial growth over the last couple of years. We are proud to have established a company attracting interest from a renowned group as Imtech. We are now looking forward to taking the company to the next level in its combined new entity. I sincerely believe that in Imtech we have found the most ideal partner to ensure a further continuation of our success. This acquisition will enlarge our possibilities to further grow and expand our network, to add new customers to our portfolio and to increase the service turnover.”
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