Imtech N.V.: Imtech acquires Norway's 'greenest' technical services provider

Gouda, the Netherlands - Imtech N.V. (technical services provider in Europe) acquirers
Spitsbergen VVS AS, Norway's 'greenest' provider of technical services. The company
record annualised revenues in excess of 4 million euro and is based at Longyearbyen in
the north of the Arctic Circle. This area is entirely self-supporting as regards energy
and will be energy-neutral in 2025. The company that Imtech is acquiring plays an
important role in this setting. The acquisition contributes directly to earnings per
share.

René van der Bruggen, CEO Imtech: 'Spitsbergen VVS fits perfectly into our existing
activities in Norway. The acquisition will further increase our scale and geographical
reach in Norway. But even more important is the unique knowledge that this new Imtech
company possesses in the field of 'green' technology and also the likely increase in
investments in the region of residence through the exploitation of natural resources and
the establishment of environmental research institutes. As a technology partner Imtech
will be able to display the full spectrum of its added value in this field. It provides
an excellent basis for Imtech's further growth in Norway.'

Profile of Spitsbergen VVS

Spitsbergen VVS AS has more than 20 permanent employees and records annualised revenues
in excess of 4 million euro. The company is headquartered at Longyearbyen on the
Norwegian island of Svalbard in the north of the Arctic Circle. Spitsbergen VVS was
established more than ten years ago and has developed in this relatively sparsely
populated area into the strongest mechanical engineering company with unique competences
in the field of sustainable technology. The requirements that the polar winter of almost
100 days imposes on energy supplies demand specific sustainable solutions and
technological innovation. This is what makes Spitsbergen VVS the 'greenest' technical
services provider in Norway with unique competences in terms of energy conservation,
thermal heating, energy storage and distribution and specific technical services
concepts.

Synergy

Spitsbergen VVS will form part of NVS Norway. Besides fulfilling the role of a
competence centre for sustainable energy technology in Norway, the company has
attractive growth potential. This stems from the sharply rising investments in this
region for the exploitation of natural resources (oil, gas and other energy sources) and
from firm plans to set up leading environmental research institutes in the region. These
institutes will focus on studying climate changes (e.g. temperature gradient, ice
melting, raising sea levels) as changes in climate processes happen much faster in this
polar region, making it possible to predict climate effects elsewhere on the globe. Also
there is a strong research link with the University of Tromsø in Svalbard. Co-operation
between specialists of NVS, Spitsbergen VVS, and third parties will enable Imtech to
offer its complete portfolio of technical services in this part of the world.

Further growth in the Nordic region

Imtech acquired NVS at year-end 2008. NVS is one of the largest technical services
providers in Sweden, Norway and Finland with annualised revenues of approximately 325
million euro. The acquisition of Spitsbergen VVS is part of Imtech's strategy of
reinforcing its position in the Nordic region. In April 2010, Imtech acquired the
Norwegian company FCC Sprinkler & Service, a high-tech sprinkler specialist. Imtech
already acquired three smaller companies in Sweden and Norway in 2009. As is always the
case in Norway, the acquisition of Spitsbergen VVS is subject to the approval of the
Norwegian competition authorities.

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More information

Media: Analysts & investors:
Pieter Koenders Jeroen Leenaers
Manager Corporate Communications Manager Investor Relations
T: +31 655 74 65 85 T: +31 182 54 35 04
E: pieter.koenders@imtech.eu mailto:pieter.koenders@imtech.eu E: jeroen.leenaers@imtech.eu mailto:jeroen.leenaers@imtech.eu
www.imtech.eu http://www.imtech.eu/ www.imtech.eu http://www.imtech.eu/

Imtech profile

Imtech N.V. is a European technical services provider in the fields of electrical
engineering, ICT and mechanical engineering. With approximately 23,000 employees, Imtech
achieves annual revenue of more then 4.3 billion euro. Imtech holds strong positions in
the buildings, industry and infrastructure/traffic markets in the Netherlands, Belgium,
Luxembourg, Germany, Eastern Europe, Nordic, the UK, Ireland and Spain and in the global
marine market. In total Imtech serves 20,000 customers. Imtech offers added value in the
form of 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.

HUG#1423206

pdf version press release http://hugin.info/130755/R/1423206/372096.pdf