Parcom Capital News

Pon Holdings announced that it intends to take over Parcom Capital's majority share in RH Marine Group. With this transaction, Pon Holdings will become 100% owner of RH Marine Group. The proposed acquisition is pending approval of competition authorities and involved works councils. The parties involved aim to complete the acquisition before the end of January 2020.RH Marine Group is a holding company consisting of three well-established companies: Radio Holland Group (Rotterdam), VBH (Amsterdam) and Aerius Marine (Hamburg).

Radio Holland, part of the newly formed company RH Marine Group, has been awarded a Remote Monitoring Agreement from The China Navigation Company (CNCo). Under the new agreement, Radio Holland will install VDR Remote Interface on board three more CNCo vessels (Coral Chief, Highland Chief and New Guinea Chief). The company’s decision to place these three vessels under a Remote Monitoring Agreement follows a successful pilot scheme on its multipurpose vessel, the Papuan Chief. RH Marine Group…

The new RH Marine Group, formerly known as Imtech Marine was introduced at the Europort exhibition in Rotterdam today. Following the recent acquisition by Parcom Capital and Pon Holdings, Imtech Marine will now be known as RH Marine Group, built on the roots of founding companies Radio Holland and van Rietschoten & Houwens. The two ‘pillars’ for service and newbuild activities within Imtech Marine are also involved in the new naming structure. Global NavCom, Connectivity, On Board ICT service and maintenance brand Radio Holland will keep its name but will have a new logo.

The acquisition of Imtech Marine by Pon Holdings and Parcom Capital has been finalized. The European Commission has approved the takeover of the leading maritime service provider. Imtech Marine will continue to operate independently and will, in the coming period, further focus on its growth ambitions. René ten Brinke, CEO of Imtech Marine: ‘’Now that the acquisition is completed, a new era arises for Imtech Marine. The coming years, our aim will be to further strengthen our leading position in the maritime sector, with dedicated focus on our customers, employees and suppliers. Imtech Marine is a  company in the global maritime market, operating as a full-service provider and system integrator of tailor-made, innovative and sustainable technology solutions covering the whole ship.

Pon Holdings BV will take over part of the bankrupt Royal Imtech, a leading company in the global maritime market. Dutch engineering services company Imtech Marine will continue to operate independently after the acquisition. Parcom Capital is also partnering in this acquisition. The acquisition price is not disclosed. The ailing Imtech was formally declared bankrupt on Thursday. The takeover creates peace of mind and security amongst employees, customers and suppliers. Imtech is  operating as a full-service provider and system integrator of tailor-made, innovative and sustainable technology solutions covering the whole ship. The company employs nearly 2500 staff at almost 100 offices in 30 countries, close to shipbuilding centers and along the shipping routes.

Pon Holdings and Parcom Capital announced they have agreed to buy Imtech Marine, the marine division of Dutch engineering services company Royal Imtech who has been declared bankrupt. No monetary figures have been shared. The final details of the takeover are yet to be worked out. Pon Holdings and Parcom Capital claim their advent as the new shareholders guarantees the continuity of Imtech Marine while also allowing the company to realize its growth ambition. The takeover creates peace of mind and security among employees, customers and suppliers, the buyers said in a press release. “We are extremely happy with Pon Holdings and Parcom Capital as the new ‘owners’ of Imtech Marine,” said René ten Brinke, Director Global Services of Imtech Marine.

Dutch engineering services company Royal Imtech has been declared bankrupt and its Marine and Nordic divisions are being sold to private investors, the company and its administrators said on Thursday. Imtech, which employs 22,000 people in 35 countries and has annual sales of roughly 4 billion euros ($4.5 billion), filed for protection from creditors on Tuesday after its German unit filed for insolvency. The break-up of Imtech, once a darling of the Amsterdam stock exchange, capped more than two years of financial turmoil triggered by accounting fraud at its Polish and German units. No figures were given, but Imtech said the sale of the two units would secure 7,300 jobs.

Simmons & Co in Aberdeen completed 14 deals in 2012 valued $2.3-billion, more than double the 2011 total value. The corporate finance advisers to the energy sector have played a significant role in many of the most prominent transactions that took place across the oil and gas service sector in 2012 including deals subsea, well services, drilling and completions sectors. Colin Welsh, chief executive officer at Simmons said: "Getting the best result for our clients in the current environment has been challenging because the market dynamics keep changing as new buyers emerge and the sector becomes more geographically diverse. It helps that we focus exclusively on energy because our market intelligence is always current".