Radio Holland Group B.V. has announced that Imtech N.V. intends to acquire its shares subject to the approval of the NMA (Dutch competition Authority) and the German Bundeskartellamt (German Federal Cartel office). The acquisition will almost double the revenues of Imtech in the maritime market and place it in the top five of the global marine market. The acquisition fits the Imtech strategy of further international growth in the maritime market.
Both parties have signed an agreement regarding the transfer of shares of the current owners, ABN AMRO Capital (56%) and the Foundation Co-Investors Radio Holland Group (44%) in which investors and current RH management participate. Imtech will acquire all Radio Holland shares, including equity participation and holdings. The Radio Holland Group will continue in place.
In the international marine market, the intended acquisition will almost double Imtech’s revenue to around E350 million and increase its staff to approximately 1,700 employees. Imtech offers customers innovative integral solutions with complete service, maintenance and aftersales in a worldwide network of more than 60 international locations.
