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.

 


 

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

People in the News

Aberdeen Pupils Peek into Subsea Oil & Gas Technology

Pupils at an Aberdeen primary school were given a rare insight into the depths of the oil and gas industry’s subsea sector after getting to sit in the driving

Search for Missing after Philippine Ferry Sinks, 38 dead

Divers will search waters in the central Philippines on Friday for 15 people still missing after a ferry carrying 187 passengers and crew sank a day earlier,

MOL Renames Group Ship Management Co.

Mitsui O.S.K. Lines, Ltd. announced today that effective July 2, its wholly-owned ship management company for dry bulkers, New Asian Shipping Company, Limited

Mergers & Acquisitions

Ocean Safety, Richard Irvin Marine Safety Merger

Ocean Safety has today announced the merger with Richard Irvin Energy Solutions Marine Safety Division and their Aberdeen branch.   This merger follows the

Carlyle Group Acquires LMC

Global alternative asset manager The Carlyle Group today announced the acquisition of Lauderdale Marine Center (LMC), the nation's largest yacht repair facility

Qatar Navigation Absorbs Balance of SocGen Gasships

Qatar Navigation (Milaha) said on Thursday its unit Qatar Shipping Company had acquired the remaining 60 percent interest in two firms which own Liquefied Natural

 
 
Maritime Contracts Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Ship Electronics Ship Repair Ship Simulators
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: 0.1079 sec (9 req/sec)