Imtech: acquisition of Medical Engineering strengthens position on Spanish care & cure market

Gouda, (PresseBox) - Imtech N.V. (technical services provider in Europe) announces the acquisition of the Spanish medical equipment specialist Medical Engineering S.L. Medical Engineering has over 40 employees and realises an annual revenue in excess of 3 million euro. The acquisition contributes directly to the earnings per share, and will enable Imtech to considerably strengthen its position on the Spanish care & cure market.

René van der Bruggen, CEO Imtech: 'Imtech is one of the larger technical players on the European care & cure market, which accounts for around 4 per cent of its total revenue of approximately 4.5 billion euro. Imtech is an outstanding implementation partner for complex technical infrastructure, with an emphasis on energy, ICT (Information and Communication Technology), electrical engineering and innovative air and climate solutions. By pooling this with knowledge of medical apparatus and equipment, it will be possible to offer total solutions. This will enable Imtech to better serve hospitals and care institutions.'

Profile of Medical Engineering

Based in Valencia, Medical Engineering S.L. is one of the larger Spanish technical implementation and maintenance specialists in the growing medical apparatus and equipment market. The company specialises in consultancy, installation & implementation, engineering, preventive and corrective maintenance, emergency repairs, and the management of medical apparatus and equipment. Examples include electrocardiographic apparatus, ultrasound equipment, ECG monitoring, mammographic equipment, electrical scalping equipment, low-tech and high-tech x-ray equipment, incubators, automatic blood analysers, spiro meters, electrical endoscopic apparatus, and so on. There are 40 talented technology specialists in the firm, who have been specially trained (and continue to be trained) for providing technical support in placing, maintaining and repairing this type of equipment. More than 15,000 maintenance interventions and repairs are carried out every year. In that context, collaborative partnership agreements have been concluded with world market leaders such as Siemens, Philips and General Electric. Medical Engineering also advises hospitals and care institutions during the construction of new premises, or the renovation or upgrading of existing ones, and offers its clients independent technical advice. In total, Medical Engineering has approximately two hundred clients, including numerous large Spanish hospitals.

Synergy: total solutions and cross-selling

Imtech is becoming active across an ever-broader front on the Spanish care & cure market, on which it acts as an implementation partner for complex technical infrastructure, with an emphasis on the electrical engineering aspect. As well as countless technical solutions, Imtech in Spain has at its disposal specific knowledge of technology in and around operating theatres, technically complex treatment rooms and intensive care facilities. In this market sector Imtech achieved substantial growth during the past year. The combination of technical infrastructure and the implementation and maintenance of medical apparatus and equipment will make it possible to provide total solutions to hospitals and care institutions, and to realise cross selling.

Imtech Contracting GmbH

Imtech N.V. is a European technical services provider in the fields of electrical engineering, ICT and mechanical engineering. This combination of services makes it possible to offer total technological solutions. With approximately 25,000 employees, Imtech achieves an annual revenue of around 4.5 billion euro. Imtech holds strong positions in the buildings and industry markets in the Benelux, Germany, Eastern Europe, the Nordic region, the UK, Ireland and Spain, as well as on the European markets of ICT and traffic, and in the global marine market. Imtech has a client base of around 21,000 customers. Imtech offers added value in the form of integrated and multidisciplinary total solutions that lead to better business processes and more efficiency for its clients and their customers. Imtech offers a wide range of solutions that contribute towards a sustainable society, for example 'green' technology and technical solutions in the markets 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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