Acquisition, Technical Consultancy, Romania

12 Oct 2009

Imtech NV, the listed Netherlands based provider of technical services like consultancy, engineering, implementation, maintenance and maintenance management has acquired S.C. Arconi Grup S.A., the Romania based provider of technical services, for an undisclosed cash consideration including earn-outs.

Arconi employs over 200 technical specialists and generates annual 2008 revenues of approximately EUR 15m. The transaction will help Imtech to strengthen its position in Romania and improve of its position in Eastern Europe. Through this acquisition, Imtech will offer the entire range of its services to Romanian clients. The acquisition will also expected to be accretive to Imtech’s earnings per share.

~ Mergermarket