Imtech to acquire RHG

Radio Holland Group B.V. (RHG) has announced that Imtech N.V. intends to acquire its shares. The acquisition will almost double the revenues of Imtech in the maritime market and place it in the top five of the global marine marketand fits its strategy of further international growth in the maritime market.

Both parties have signed an agreement regarding the transfer of shares of the current owners, ABN AMRO Capital (56%) and the Foundation Co-Investors Radio Holland Group (44%) in which investors and current RH management participate. In this regard, Imtech will acquire all Radio Holland Group shares, including equity participation and holdings. It is agreed with the management of the Radio Holland Group that they will continue to dedicate themselves to the organization. With this, continuity is guaranteed. The acquisition can be formalized after the expected approval of the NMA (Dutch competition Authority) and the German Bundeskartellamt (German Federal Cartel office).

Dé Slager, CEO of Radio Holland Group, said: “The partnership with ABN AMRO Capital was instrumental in increasing the efficiency of our business operating model and achieving substantial growth over the last couple of years. We are proud to have established a company attracting interest from a renowned group as Imtech. We are now looking forward to taking the company to the next level in its combined new entity. I sincerely believe that in Imtech we have found the most ideal partner to ensure a further continuation of our success.

The intended acquisition will almost double Imtech?s revenue to around 350 million euro and increase its staff to approximately 1,700 employees.