Imtech : Imtech: position in Finland strengthened considerably through acquisition of EMC Talotekniikka

    Imtech : Imtech: position in Finland strengthened considerably through
                       acquisition of EMC Talotekniikka

Gouda, The Netherlands - Royal Imtech N.V. (IM-AE, technical services provider
in and outside Europe) announces that it will be acquiring the Finnish
technical services provider EMC Talotekniikka Oy. With 580 employees, this
company realises annual revenue of over 100 million euro. The acquisition
price is in line with Imtech's previous acquisitions in Finland and will be
paid in cash. The acquisition will immediately contribute to the earnings per
share, and will enable Imtech to strengthen its position in Finland

René van der Bruggen, CEO Imtech: 'In the framework of our 2015 growth
strategy, we would like to achieve considerable growth in the Nordic region
(Sweden, Norway and Finland). Revenue here amounted to almost 700 million euro
in 2011. Through a combination of organic growth and additional acquisitions
we are striving to achieve around 1 billion euro revenue in this region by
2015. The acquisition of EMC Talotekniikka fits well in this growth scenario,
also because until now our position in Finland has been limited. The new
Imtech company is ready for its next growth phase. Considerable growth is
expected in the coming years on the basis of the market potential in Finland,
EMC Talotekniikka's specific strengths, Imtech's financial security and
continuity, and the available cross-selling potential.'

EMC Talotekniikka profile
EMC Talotekniikka was created in 2007 through the combination of four
medium-sized technical services providers that were established partly in
1925. The Finnish private equity company, Vaaka Partners Oy, acquired the
majority of the shares in 2007, with other shares being owned by the
management, Keskinäinen Eläkevakuutusyhtiö Etera and Suomen Teollisuussijoitus
Oy. Various acquisitions were made to strengthen its geographical and
technical position (in energy and building automation for example), and its
position in project management and consultancy. The strong position and
considerable growth of the company is a result of both organic growth and

EMC Talotekniikka is a top-5 player in the technical services market with
national coverage through 11 branches in three regions in northern, central
and southern Finland. There are four business units: Building Systems,
Technical Services, Pipeline Renovation and Products & Prefabrication.
Multi-disciplinary technical projects, the combination of among others
electrical services, energy, mechanical services (air, climate,
air-conditioning), security and telecommunications, are carried out in the
buildings and industry markets, in both new-build and maintenance and
management, including technical services. Good positions are held in the
segments of (public) buildings, retail, education, care, recreation, energy,
mining, and heavy and light industry sectors. EMC Talotekniikka also
specialises in project management, energy solutions and building automation.

In Finland there is a specific incentive scheme for the renovation of (the
technical and energy infrastructure in) older apartment complexes. EMC
Talotekniikka is one of the strongest players in this field with dozens of
large projects each year. The Silotek® prefabrication solution was devised for
these projects. This is produced under own management and is an
energy-efficient, multi-functional pipeline system for water, heating,
electricity and other media. Silotek® is innovative, needs little space, meets
the highest safety and fire safety standards and can be installed easily.

The company acts as permanent technology or maintenance partner for a large
group of customers, including Varma, Sponda, Etera and Ovenia. There is also a
good spread of activities in terms of project size and geography and across
different technologies and market segments.

Ready for the next growth phase
EMC Talotekniikka is ready for the next growth phase. The company is healthy
and well-organised, and the management, which will remain following
acquisition, has a sound ambition. The acquisition by Imtech offers the
perfect springboard for this. The market and the achieved market positions
offer solid starting points for further growth. Various large investment
projects will become available in the medium-term. The incentive scheme for
renovating older apartment complexes demonstrates considerable investment
impulses. The range of customers here has expanded from housing corporations
to private apartment associations. Extra growth markets include recently
opened steel, nickel and gold mines in the north of Finland, and position
expansion in the Helsinki region.

Cross-selling potential
From its strong position in Sweden, Norway and Finland, Imtech EMC
Talotekniikka can offer further growth potential, mainly through cross-selling
within specific technical competences such as energy, complex energy
infrastructures, green (LEED/BREEAM) buildings, care & cure, biomass and
specific electrical industrial competences. Within the broader Imtech
portfolio there are also opportunities in other Finnish market segments,
including power plants, decentralised energy services, water and waste water
treatment, and waste-to-energy.

Imtech in Finland
Imtech already holds positions in industry in central Finland and in the
traffic market nationwide. In July 2012, Imtech acquired technical services
providers SSR and Polar (50 employees, annual revenue of around 15 million),
thereby further strengthening its industrial and traffic position. The EMC
Talotekniikka acquisition almost completes Imtech's position in Finland.

Approval of competition authorities
The acquisition is subject to the approval of the Finnish competition
authorities. The acquisition is expected to be completed by early 2013.


More information

Media:                        Analysts & investors:
Pieter Koenders               Jeroen Leenaers
Director Group Communications Manager Investor Relations
T: +31 655 74 65 85           T: +31 182 543 504
E: E:      


Imtech profile
Royal Imtech N.V. is a European technical services provider in the fields of
electrical solutions, ICT (information and communication technology) and
mechanical solutions. With 29,000 employees, Imtech achieves annual revenue of
more than 5.1 billion euro. Imtech holds strong positions in the buildings and
industry markets in the Netherlands, Belgium, Luxembourg, Germany, Austria,
Eastern Europe, Sweden, Norway, Finland, the UK, Ireland, Turkey and Spain,
the European markets of ICT and Traffic as well as in the global marine
market. In total Imtech serves 23,000 customers. Imtech offers added value
with integrated and multidisciplinary total solutions that lead to better
business processes and more efficiency for customers and the customers they,
in their turn, serve. Imtech also offers solutions that contribute towards a
sustainable society - for example, in the areas of energy, the environment,
water and traffic. Imtech shares are listed on the NYSE Euronext Amsterdam,
where Imtech is included in the Midkap Index. Imtech shares are also included
in the Dow Jones STOXX 600 index.

Pdf: Imtech Press Release


This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.

Source: Imtech via Thomson Reuters ONE
Press spacebar to pause and continue. Press esc to stop.