Imtech, a Netherlands-based technical services provider in Europe, has announced the acquisition of REAL Solutions Group, Ltd. in the UK. The purchase price (including earn-out) is based on six times the EBITA (earnings before interest taxes and amortization) and will be paid in cash. The acquisition will contribute directly to the profit per share, and the management of REAL Solutions will stay on after the acquisition, the company said.
Profile of REAL Solutions Group
REAL Solutions, based in London and Manchester, is an information communication and technology (ICT) specialist with a mix of activit ies around the IBM portfolio. Sixty percent of revenues are achieved from consultancy on IBM infrastructures and the sale and implementation of these, 20 percent from IBM software and 20 percent from ICT services. The contribution made by software and services within the IBM brands Rational, Lotus, Websphere and Tivoli is increasing. The company has a strong reputation for technical excellence and has a broad base of more than 400 customers. Due to this solid and stable track record and its clear potential for future growth, REAL Solutions is regarded by IBM as one of its most important business partners in the UK. The company currently employs nearly 100 people and achieved revenues of around $62.5 million (32 million pounds sterling or about 46 million euro) in 2007.
Strategy of Imtech
Imtech combines electrical engineering, ICT and mechanical engineering to produce total solutions. The contribution made by information and communication technology is expanding fast. Increasingly, the total technological solutions provided by Imtech are dominated by business intelligence and umbrella ICT applications. The expansion of Imtech's European ICT activities is primarily directed at the reinforcement of its position as a leading IBM and Microsoft Business Partner. In the Netherlands and in Germany, Imtech has already built up a strong position as an IBM Business Partner via Imtech ICT (Netherlands) and Fritz und Macziol (Germany, Switzerland, Austria). Its ambition is to build up a similar position via acquisitions in other Imtech countries (mainly the UK, Belgium and Spain). The acquisition of REAL Solutions fits very well with this strategy. Imtech has the am bition to strengthen existing partnerships with the world market leaders IBM and Microsoft and to become a leading European business partner. In 2007, as in the preceding years, Imtech worked successfully to further strengthen its European position through acquisitions. In a nutshell, the following companies were acquired:
* Peek Traffic (annual revenue 105 million euro, 600 employees): high-tech mobility solutions in Europe;
* Suir Engineering (annual revenue 61 million euro, 550 employees): acquisition of a
position in the Irish industrial technology market;
* Aqua Group (annual revenue 51 million euro, 210 employees): strengthening of the position in the UK in the Cambridge region and the eastern part of Greater London;
* Acquisitions in the German (BMS Systems IT Solutions and X-Wert Consulting) and Swiss (Interex) ICT market (annual revenue 10 million euro, 40 employees), which have reinforced the partnerships with global market leaders IBM and Microsoft;
* Metubsa (annual revenue 4 million euro, 70 employees): specialized in industrial maintenance in northern Spain;
* In Luxembourg and in the marine market smaller, but healthy and growing companies were acquired (annual revenue 19 million euro, 113 employees).
The total purchase price of these acquisitions, including maximum earn-out, was 163.5 million euro. The total annual revenue of these acquisitions, with 1,583 new employees, was around 250 million euro. All the acquired companies performed well and made an immediate contribution to earnings per share for 2007.
The expected annual EBITA is around 20 million euro, of which 11 million euro was accounted for in 2007.
Imtech History
Imtech’s history goes back to the middle of the nineteenth century when the technical companies of Van Rietschoten & Houwens and Rud. Otto Meyer (ROM) were established. Imtech itself was created in 1993 by the clustering of 35 technical companies. All these companies formed part of the Internatio-Müller conglomerate, which had been established in 1970 and was the result of a merger between the trading and shipping concerns Internatio (1863) and Müller (1878). In 1993 the then Board of Management of Internatio-Müller decided that more synergy within the business activities would be desirable. The 35 technical companies, with a combined revenue of around 300 million euro, were brought together in Imtech.
More than ever, there is a demand for IT to deliver innovation. Your IBM i has been an essential part of your business operations for years. However, your organization may struggle to maintain the current system and implement new projects. The thousands of customers we've worked with and surveyed state that expectations regarding the digital footprint and vision of the company are not aligned with the current IT environment.
TRY the one package that solves all your document design and printing challenges on all your platforms. Produce bar code labels, electronic forms, ad hoc reports, and RFID tags – without programming! MarkMagic is the only document design and print solution that combines report writing, WYSIWYG label and forms design, and conditional printing in one integrated product. Make sure your data survives when catastrophe hits. Request your trial now! Request Now.
Forms of ransomware has been around for over 30 years, and with more and more organizations suffering attacks each year, it continues to endure. What has made ransomware such a durable threat and what is the best way to combat it? In order to prevent ransomware, organizations must first understand how it works.
Disaster protection is vital to every business. Yet, it often consists of patched together procedures that are prone to error. From automatic backups to data encryption to media management, Robot automates the routine (yet often complex) tasks of iSeries backup and recovery, saving you time and money and making the process safer and more reliable. Automate your backups with the Robot Backup and Recovery Solution. Key features include:
Business users want new applications now. Market and regulatory pressures require faster application updates and delivery into production. Your IBM i developers may be approaching retirement, and you see no sure way to fill their positions with experienced developers. In addition, you may be caught between maintaining your existing applications and the uncertainty of moving to something new.
IT managers hoping to find new IBM i talent are discovering that the pool of experienced RPG programmers and operators or administrators with intimate knowledge of the operating system and the applications that run on it is small. This begs the question: How will you manage the platform that supports such a big part of your business? This guide offers strategies and software suggestions to help you plan IT staffing and resources and smooth the transition after your AS/400 talent retires. Read on to learn:
LATEST COMMENTS
MC Press Online