Manufacturing Banner
Previous Next

Imtech acquires Canadian marine company Groupe Techsol Marine

Gouda - Imtech N.V. (IM-AE, technical services provider in Europe and on the global marine market) announces the acquisition of the Canadian marine company Groupe Techsol Marine. This strategic acquisition means that Imtech has now a high-tech marine production site available in Canada. The acquisition also strengthens Imtech's service and maintenance foothold in North-America. With over 100 employees, Groupe Techsol Marine realises annual revenues of around 20 million euro. The acquisition will be paid in cash and will directly contribute to the earnings per share.

Imtech CEO René van der Bruggen: '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 euro 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.'

Groupe Techsol Marine profile
Groupe Techsol Marine, based in Quebec, was established 15 years ago by the current management 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. In addition, Groupe Techsol Marine is an innovator in the field of energy-efficient electric propulsion technology. The company operates as a 'whole ship solutions' system integrator, combining its own software and hardware products with those of third parties to produce state of the art solutions for its customers. Besides new-build projects, the company also handles refit and maintenance activities. Groupe Techsol Marine is primarily active in the market segments of government vessels, workboats, tugs, ferries and special purpose vessels like icebreakers and high-tech research vessels. The company works with four business units for the production of specific technical solutions and equipment (Techsol Marine, Sea Marine, Soudure Technologie and ScanTech). These business units are an integral part of the acquisition.

Primary customers are major Canadian shipyards and providers of marine services. These include Groupe Océan, Industries Océan, Société des Traversiers du Québec, Groupe Desgagnés, Méridien Maritime, Irving (Halifax Shipyard), PKS Shipyard, BC Ferries, Washington Group (Vancouver & Victoria Shipyard) and the Canadian Coastguard. Part of Techsol Marine's business is obtained via export activities to amongst others North, Central and South America, Asia, the Middle East and Europe.

Strong growth potential in Canada
In the context of Imtech's marine strategy, Canada is a prime location for growth. With Groupe Techsol Marine, Imtech is in a position to support its customers in Canada with a total, innovative technology and services portfolio for new-build, refit and maintenance projects. Groupe Techsol Marine has a strong local position and will open new extensive production facilities as per October for the production of consoles, switchboards, drives and control systems. Moreover the company offers specialised integrated logistic support, strengthening the service locations Imtech already has in Vancouver and Halifax. With the addition of Groupe Techsol Marine, Imtech will realize extra growth potential for production and service activities.

A current major development of interest are the extensive plans of the Canadian Government, under the National Shipbuilding Procurement Strategy (NSPS) program, to build a large number of Navy and Coastguard vessels at various to-be-selected shipyards. Working for numerous navies around the world, Imtech has extensive knowledge and expertise in this field. The combination of Imtech and Groupe Techsol Marine offers an excellent positioning for the Canadian NSPS new-build navy programme.

Continuity and strong financial position
Groupe Techsol Marine's management will stay on after the acquisition, ensuring a solid foundation for the company's continuity. Under the wings of the financially strong Imtech, the company can accelerate its growth scenario. Earlier marine acquisitions by Imtech - Elkon in Turkey for instance - were also followed by further growth. In the coming period, Groupe Techsol Marine will continue its activities under its own name and identity.


More information



Analysts & investors:

Pieter Koenders
Director Corporate Communications
T: +31 655 74 65 85
E: This email address is being protected from spambots. You need JavaScript enabled to view it.

Jeroen Leenaers
Manager Investor Relations
T: +31 182 54 35 04
E: This email address is being protected from spambots. You need JavaScript enabled to view it.


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 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 Euronext Stock Exchange Amsterdam, where Imtech is included in the Midkap Index. Imtech shares are also included in the Dow Jones STOXX 600 index. 

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 and sustainable technology solutions covering the whole ship, including new-build ships, refits, maintenance and services. Imtech Marine specialises in automation (platform and bridge), navigation & communication including connectivity, energy & drive systems, HVAC solutions and fire protection systems, audio/video entertainment and maritime information services. Imtech Marine provides innovative systems and reliable services during the full lifetime of the ship. Imtech Marine achieves annual revenue of over 500 million euro, employing 2,500 employees at more than 70 offices based along shipping routes and close to shipbuilding centres.

seattle property management