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