Imtech strengthens ICT activities in Austria with acquisition of Comnet

Monday, 03. October 2011 07:30
Gouda - Imtech (technical services provider in Europe) announces that it
acquires the Austrian ICT company Comnet. This acquisition will strengthen
Imtech's position in the Austrian ICT market. The acquisition will be paid in
cash and will directly contribute to the earnings per share. Employing a
workforce of 25 IT specialists, Comnet realises revenue of around 6 million euro
per annum.

Imtech CEO René van der Bruggen: 'In the context of our 2015 growth strategy,
Imtech aims to further strengthen its relationships with global market leaders
like IBM, Microsoft and Cisco in the European ICT market. In Austria, our
relationship with Cisco is still modest in scale. Comnet is one of the few
independent Cisco partners in this market. The integration of Comnet in Imtech
ICT Austria will result in a welcome expansion of our IT services portfolio
with, among other things, high-tech network solutions. Since Imtech already has
long-term partnerships with Cisco in other countries, internal collaboration
will allow us to offer extra added value to our Austrian customers. We
consequently forecast further growth in our Austrian ICT activities.'

Comnet company profile
Comnet is a small but strong ICT player that offers hardware and software
solutions with high added value on the basis of the Cisco services programme.
Established in 1988, the company has its head office in Klosterneuburg near
Vienna. Comnet is specialised in the implementation of innovative - primarily
Cisco based - network solutions at medium-sized to large organisations and in
the Austrian (semi)public sector. Working on behalf of these customers, Comnet
is able to manage ICT networks more effectively, optimise them or make them more
'green' and make them more fail-safe and secure. Approximately 50% of the
company's revenue stems from maintenance contracts and consultancy, while the
other half is generated by the supply of software and hardware solutions.
Besides being a Cisco Preferred Partner, Comnet is also a Microsoft Certified
Partner as well as a partner of, among other organisations, RSA (IT security
solutions) and Joulex (green IT solutions). Comnet's customer base has a good
spread in sectors like telecommunications (e.g. a customer like A1 Telekom
Austria), banking (including the banks BAWAG PSK and Erste Bank), pharmaceutical
(with customers like Boehringer Ingelheim and Novartis), industry (e.g. AIT,
Austrian Institute of Technology) and the public and semi-public sectors (e.g.
BVA, Versicherungsanstalt öffentlich Bediensteter).

Synergy results in growth in the relatively short term
In Austria, Imtech enjoys strong positions in the ICT market segments business
solutions (offering managed services and SAP consultancy, for example), data
centres and logistics software. Imtech also has a good starting position in the
field of ICT infrastructure. Comnet's Cisco alliance allows Imtech ICT Austria
to offer its current ICT infrastructure customers better service and greater
added value. Imtech ICT at its turn can also offer complementary ICT services to
existing Comnet customers. Since Imtech already has years of experience working
with Cisco in other European countries - primarily the Netherlands, Belgium,
Germany, Switzerland, the UK and Sweden - the company can offer extra added
value to its Austrian customers via internal collaboration. On balance, this
will lead to extra growth in the relatively short term. Most of the Comnet
management team will stay on after the acquisition, guaranteeing continuity in
the organisation. In the longer term, Comnet will be integrated in Imtech ICT

The acquisition must formally be approved by the Austrian competition


More information

Media: Analysts & investors:

Pieter Koenders Jeroen Leenaers
Director Corporate Communications Manager Investor Relations
T: +31 655 74 65 85 T: +31 182 54 35 04

Imtech profile
Imtech N.V. is a European technical services provider in the fields of
electrical solutions, ICT (information and communication technology) and
mechanical solutions. With more than 27,000 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 NYSE Euronext Amsterdam, where Imtech is included in
the Midkap Index. Imtech shares are also included in the Dow Jones STOXX 600

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