Imtech Strengthens Position in Belgian Marine Market

(Press Release)
Monday, July 16, 2012

Royal Imtech N.V. (IM-AE, technical services provider in and outside Europe) announces that it has acquired the Belgian maritime technical services provider Van Stappen & Cada NV.

This company realizes annual revenue of over 3 million euro. The acquisition will be paid in cash and will immediately contribute to the earnings per share. It will enable Imtech to further strengthen its position in the Belgian marine market.

Van Stappen & Cada was established in 1991 and has its registered office in Antwerp’s port area. The firm specialises in marine electronics, electrical solutions and air conditioning and primarily concentrates on services, repairs, maintenance and renovation, with a strong focus on inland shipping. Its activities include electric systems, radar technology, propulsion, cameras, HVAC solutions and batteries. The company has built up a solid reputation and a broad client base. Its specific strength is 24/7 service and maintenance, offered to clients on the basis of a recurring business model. To this end, the firm has set up a fully equipped workshop as well as a mobile workshop that can quickly serve clients on location in Belgium, Germany and France when required.
Van Stappen & Cada and Imtech Marine’s competences and market specialisations complement one another. After all, in the Belgian marine market, Imtech Marine primarily focuses on navigation and communications systems for merchant ships, dredgers, fishing vessels and yachts. The newly acquired company will help Imtech – in line with Imtech Marine’s growth strategy – to fast-track its development into a comprehensive provider of marine services that is able to offer a full range of technical services in all market segments – from newly constructed vessels to maintenance, repairs and renovation (the lifecycle approach). This creates significant added value for Imtech’s clients and allows them to more efficiently exploit their vessels. A 24/7 service and maintenance specialist fits perfectly within this vision.

As the entire management at Van Stappen & Cada will be staying on, continuity is guaranteed.

Maritime Reporter June 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Voith Turbo Names Calhoun VP of O&G Sales

Shawn Calhoun has joined Voith Turbo’s Power, Oil & Gas Division as Vice President of Sales – Oil and Gas, to be based at the company’s new Houston, Texas office

Ki-tack Lim Elected as IMO Secretary General

Ki-tack Lim from the Republic of Korea has been elected as the new Secretary General of the International Maritime Organization (IMO), with effect from January 1,

Ocean Safety Inks Rescue Boat Distributor Deal

Ocean Safety, a company in the worldwide supply, distribution, service and hire of marine safety equipment, announced its appointment as sales and service agents

Mergers & Acquisitions

SeaZip Offshore Service Commences Operation

Harlingen-based SeaZip Offshore Service has entered into a partnership agreement with Heerema Marine Contractors (HMC). HMC, the world's market leader in transporting,

ShipServ opens Singapore office

ShipServ, the leading marine and offshore marketplace with an expected annual trade of $3bn in 2015, has cemented its position in Asia with the opening of a new office in Singapore.

DPE is New Majority Shareholder in INTERSCHALT

Deutsche Private Equity GmbH (DPE) is set to become the new majority shareholder in INTERSCHALT maritime systems AG, the maritime software and services provider

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Navigation Pipelines Port Authority Ship Repair Ship Simulators Sonar Winch
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: 0.1084 sec (9 req/sec)