Imtech Marine Target 2015: Doubling Revenue Up to 1 Billion Euro

Imtech Marine (the marine division of technical services provider Imtech) announces its new 2011 – 2015 growth strategy. Imtech Marine targets to double its revenue up to 1 billion euro in 2015. Growth will be achieved by organic growth and by means of acquisitions.

Eric van den Adel, Managing Director Imtech Marine: ‘Imtech provides custom-made state-of-the-art technology solutions in many maritime market segments. Our vision is to be an independent top player in the global maritime market and a true life cycle management partner for our customers. By effectively combining our skills and competences in system integration and maintenance of technology on board, we support our customers during the full lifetime of a ship. Moreover, we provide solutions for the growing requirements of our customers in green technology. We have set up a renewed, regionally built up global organization in order to support our customers better, be close to them and offer global services. Expanding the competences and span of our global network of service and outfitting locations is key. Imtech’s financial position is strong, creating trust in the market and forming a solid base for acquiring new and strong maritime companies in line with our growth strategy. We are confident to reach the target of 1 billion euro revenue in 2015.’

Solid base

Imtech Marine is built on companies with strong market positions on the global marine market – Radio Holland Group, Imtech Marine & Offshore, Imtech Schiffbau-/Dockbautechnik, Imtech Marine Germany, Van Berge Henegouwen Installaties, Royal Dirkzwager and Elkon. Key to the success is the worldwide maritime network of more than 70 well-positioned service locations in more than 20 countries.

Strategy 2011 – 2015 summary

Imtech Marine’s strategy to grow to 1 billion euro in 2015 is based on a number of strategic priorities, including:

* life cycle partnership;

* strengthening the global organization and service network;

* innovation: green technology and integrated automation.

Life cycle partnership

There is a strong demand in the marine market for a life-cycle approach and focus on reducing the total cost during the ‘lifetime’ of technical solutions. Focusing on the complete life cycle Imtech will build strategic partnerships with key clients, linking knowledge of the new building phase with the operational phase of the vessel. With this expertise Imtech can help and advise customers, considering and balancing benefits, costs and risks over the vessels entire life span. Goal is to achieve an unrivaled competitive cost of ownership.

Strengthening the global organization and service network

Imtech Marine will organize itself around six regions worldwide. The six regions will manage projects and services business in the most efficient way, making effective alliances with clients possible. The global service network will be substantially expanded. Imtech plans to set-up new service offices in Asia Pacific, India, the Mediterranean and South America. At the same time existing offices will grow into full service hubs by expanding their current portfolio with complementary Imtech Marine competences like electrical systems, information and communications technology (ICT) and heating, ventilation and air conditioning (HVAC). Furthermore, Imtech plans to strengthen its current production sites in China, the Singapore region and Turkey, to provide new build ships with state-of-the-art technological solutions.

Innovation: green technology and integrated automation

Imtech has defined specific innovation growth domains. Sustainable, ‘green’ technology is key. Imtech already is a frontrunner in sustainable solutions and will develop further green ship concepts and green consultancy for electrical systems, shore connections, lighting concepts, energy efficient HVAC, optimal routing and simulation techniques. Furthermore, Imtech sees opportunities for strategic growth in the field of integrated ship automation and smart ship solutions. This will lead to effective operations and less crew on board of ships, lowering exploitation costs of customers.

Imtech Marine profile

Imtech Marine is a leading company in the global maritime market, operating as a full-service provider and system integrator of tailor-made, innovative technology solutions covering the whole ship. Imtech Marine specialises in automation (platform and bridge), navigation & communication including connectivity, energy and drive solutions, HVAC (heating, ventilation and air conditioning) solutions and fire protection technology, entertainment, lighting and maritime services. Imtech Marine provides innovative systems and reliable services during the full lifetime of the ship. In 2010, Imtech Marine reached annual revenues of more than 500 million euro, employing 2,500 employees at more than 70 offices based along shipping routes and close to shipbuilding centres.

Imtech profile

Imtech N.V. is a European technical services provider in the fields of electrical engineering, ICT (information and communication technology) and mechanical engineering. With approximately 25,000 employees, Imtech achieves annual revenue of around 4.5 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 and Spain, the European markets of ICT and Traffic as well as in the global marine market. In total Imtech serves 21,000 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 mobility. Imtech shares are listed on the Euronext Stock Exchange Amsterdam, where Imtech is included in the Midkap Index. Imtech shares are also included in the Dow Jones STOXX 600 index.

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Source: Imtech Marine, February 12, 2011