Imtech Acquires Belgian Maritime Technical Services Provider

Press Release
Monday, July 16, 2012

Dutch technical marine services provider, Royal Imtech, acquires Belgian company in the same field, Van Stappen & Cada

Van Stappen & Cada has an annual revenue of over 3 million euro. The acquisition will be paid in cash and will immediately contribute to Royal Imtech's earnings per share. It will enable Imtech to further strengthen its position in the Belgian marine market.

The Belgian company 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.

This busines will complement Imtech Marine's, where in the Belgian market it primarily focuses on navigation and communications systems for merchant ships, dredgers, fishing vessels and yachts.

The newly acquired company will help Imtech to fast-track its development into a comprehensive provider of marine services able to offer a full range of technical services in all market segments – from newly constructed vessels to maintenance, repairs and renovation.

 


 

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