Imtech acquires Techsol of Canada
Dutch technical services provider Imtech has announced the acquisition of the Canadian marine company Groupe Techsol Marine, an acquisition which gives Imtech a marine production site in Canada.
Imtech says that, additionally, the acquisition strengthens its service and maintenance foothold in North America. With over 100 employees, Groupe Techsol Marine has annual revenue of around €20 million.
Groupe Techsol Marine, based in Quebec, was established 15 years ago and specialises in high-tech marine technical solutions in the field of vessel automation, alarm, monitoring & control, navigation & communication and electrical systems, including switchboard and console construction, and is an innovator in energy-efficient electric propulsion technology.
CEO René van der Bruggen said: “We enjoy a strong position in the global marine market, being active in over 20 countries at more than 70 local offices along all major shipping routes and near major shipbuilding centres. In accordance with our strategic growth plan, we aim to significantly strengthen our marine activities. Through a combination of organic growth and acquisitions, Imtech aims to double the revenue of its marine division to approximately €1 billion by 2015. In this context, Imtech intends to open marine production and multi-services sites in important new areas, where we will be equipping newly-built ships and refit projects with total technological solutions and at the same time offering customers first class service and maintenance support. Groupe Techsol Marine fits perfectly in our strategic plans. Under Imtech's technological and financially strong wings, the new Imtech company is expected to show continued healthy growth.”
