Tideland Signal Corporation Acquires IMT
Tideland Signal Corporation today entered into a definitive agreement to acquire the IMT B.V. Group of Companies (“IMT”). IMT is well known for developing innovative lighting, navigation and signalization products and systems with clients ranging from offshore to marine, construction and governmental organizations. The product range is valued for its suitability for demanding and critical application areas and is designed to withstand the harshest of marine environments.
By acquiring IMT, Tideland expands its product portfolio with:
Helideck and Circle-H Signalization and Lighting Control Systems
Aids to Marine Navigation
Offshore Platform Signalization
Obstruction Warning Lighting
Offshore Wind Farm Lighting and Signalization
In operation for over 30 years, IMT operates globally with headquarters in The Netherlands and subsidiaries in Singapore, the UK and Germany. IMT has a long track record of continuously developing new lighting solutions, underscored most recently with the company’s leading Circle-H solution that addresses the requirements of helideck safety.
The Tideland and IMT product ranges are highly complementary, and together they comprise the broadest AtoN solutions portfolio in the industry.
“We welcome IMT to the global Tideland team. The combination of our people, products and presence worldwide makes for a powerful combination and helps us deliver even more benefits to our customers as we solve their navigation and signaling challenges”, said Matt Scheuing, Tideland’s CEO.
“The acquisition marks a new era for IMT”, said Raynaud Mignot, IMT’s CEO. “Becoming part of Tideland will give us a stable environment for future growth and allows us to continue our tradition of leading and innovating, with our products becoming available to a larger market.”
The final combination of the two companies is imminent, and further updates on our enhanced offering and market collaboration will be provided later in the year.