Gouda - Imtech N.V. (European technical services provider) announces that the intended acquisition of Peek Traffic Holdings Ltd. (Peek Traffic), a technical service provider and system integrator specialising in total mobility solutions in the fields of Intelligent Transport Systems, dynamic traffic management, traffic safety, traffic enforcement, the environment and public transport, is definitive. The acquisition has been approved by the German Bundeskartellamt (German Federal Cartel Office).

With this acquisition Imtech gains a strong position in the infrastructure market in Western Europe and secures entry position in Eastern Europe. The acquisition price, excluding debts, is approximately 80 million euro and will be paid in cash. The acquisition fits the Imtech strategy of further international growth in the European infra-market and directly contributes to the earnings per share.

The synergy between the activities of Imtech and Peek Traffic is as follows:

• The activities complement each other splendidly in the expanding mobility market partly due to the strong market position of both (combined revenues of approximately 265 million euro with 2,200 infra specialists).
• A strong position for the development and execution of integral (total) projects in Europe
• The ideal combination for advanced project management, intelligent mobility solutions, ICT and delivery capacity in large-scale maintenance projects, in PPP collaboration and with Asset Management contracts.
• An attractive party as a partner for various joint ventures for national governments by offering high-tech total solutions.