Imtech to Acquire Radio Holland Group

Thursday, March 16, 2006
Radio Holland Group B.V. announced that Imtech N.V. intends to acquire its shares. The acquisition will almost double the revenues of Imtech in the maritime market and place it in the global top five of the global marine market. The acquisition fits the Imtech strategy of further international growth in the maritime market.

Both parties have signed an agreement regarding the transfer of shares of the current owners, ABN AMRO Capital (56%) and the Foundation Co-Investors Radio Holland Group (44%) in which investors and current RH management participate. In this regard, Imtech will acquire all Radio Holland Group shares, including equity participation and holdings. It is agreed with the management of the Radio Holland Group that they will continue to dedicate themselves to the organization. With this, continuity is guaranteed. So far as this is relevant, works councils involved will be consulted as well as trade unions informed. The works council of Imtech has already advised positive on the intended acquisition. The acquisition can be formalized after the expected approval of the NMA (Dutch competition Authority) and the German Bundeskartellamt (German Federal Cartel office).

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.” In the international marine market, the intended acquisition will almost double Imtech’s revenue to around 350 million euro and increase its staff to approximately 1,700 employees. With this, Imtech acquires a position in the top 5 of the global marine market. As product and supplier independent services provider, Imtech offers customers innovative integral solutions with complete service, maintenance and aftersales in a worldwide network of more than sixty international locations along all the most important global shipping routes.

Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Marine Electronics

Nigeria Maritime Academy Gets Bridge Simulator

A NAUTIS Full Mission Bridge Simulator was purchased and delivered to the Maritime Academy of Nigeria in Oron. The new simulator will be used to provide qualitative

KVH Precision Sensors for Geodetics' Inertial Navigation Systems

KVH Industries entered into a strategic partnership with Geodetics Inc., a leader in the development of real-time, high-precision position and navigation solutions.

A New Standard in Marine Communications

KVH provides and Harvey Gulf employs possibly the most sophisticated on-board SATCOM and related service package on the water. That’s no accident.     If quality service,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Pipelines Port Authority Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0991 sec (10 req/sec)