Imtech secures Spanish platform with Metubsa acquisition
November 2007
Imtech N.V., a European technical services provider in the fields of mechanical and electrical engineering and ICT support, has acquired Metubsa, a Spanish specialist in industrial maintenance.With approximately 18,000 employees, Imtech has an annual revenue of €3 bn. Imtech shares are listed on the Euronext Stock Exchange (Amsterdam), where Imtech is included in the Amsterdam SmallCap Index (AscX) and the Next 150 Index.
The acquisition of Metubsa is forecast to be earnings accretive almost immediatly and provides an excellent basis for strengthening positions of Imtech in the Spanish market for industrial technical services. The management of Metubsa has undertaken to remain with Imtech post-deal.
Livingstone Partners worked closely with Imtech to indentify Metubsa and lead the negotiations of behalf of the aquirer. This transaction represents yet another deal for the very active Maintenance Services team within Livingstone’s.