Imtech announces the acquisition of Van Berge Henegouwen Installaties B.V. (VBH). The total purchase price (including earn-out) is based on about five times the EBIT and will be paid in cash. The acquisition will contribute directly to the profit per share. The management of VBH will stay on after the acquisition.
VBH is a specialist in the field of maritime technology for luxury yachts, such as high-tech entertainment (multimedia, audio and video), communication, security and operational systems, navigation and computer networks. Every year, VBH is responsible for these innovative (total) technological solutions on board six or seven luxury motor and sailing yachts (> 50 metres). VBH has a strong network and has built up an excellent worldwide reputation with its customers. The company is based in Roelofarendsveen (The Netherlands) and employs about 35 people. The revenue achieved by VBH has increased by an average of 30 percent in recent years and was about 12 million euro in 2007.