Gouda - Imtech N.V. (technical services provider in Europe) announces that it has won two new orders in Hungary with a total value of 27 million euro. Clients include car manufacturer Audi and producer of veterinary vaccines Ceva. End of May 2011, Imtech already acquired the activities of YIT in Hungary, which created a structural basis for building up a strong market position in this country. The new orders represent therefore a strong start for Imtech in Hungary.
René van der Bruggen, Imtech CEO: 'With the recent acquisition of the activities of YIT, Imtech created a strong basic position in Hungary. Imtech Hungary is being managed by Imtech Germany. The combination of local presence and technological knowledge out of Germany means that Imtech in Hungary can grow rapidly. The new orders are the first evidence for this.'
Expansion of technical infrastructure and improving energy efficiency for Audi
Audi is expanding its existing engine factory in Györ with a production facility to produce new vehicles in Hungary. For this extension Imtech will provide the complete technical infrastructure, consisting amongst others of all technical facilities for heat and media distribution purposes. Imtech will simultaneously improve the energy efficiency of the Audi plant significantly. The new technical infrastructure will be integrated with the production facility in such a way that energy consumption will be kept on lowest level. The project will be finished in 2012.
Technology partner for production expansion of Ceva
Imtech will act as a technology partner for the entire technical infrastructure in an expansion of the production capacity of veterinary vaccines for Ceva-Phylaxia in Budapest. The contract includes all electrical and mechanical facilities and process technology. In addition to quality the capacity of Imtech was an important factor for winning this contract. The first phase of the expansion will be ready within six months.
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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 26,000 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.
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Source: Imtech N.V. via Thomson Reuters ONE