Technical service provider Royal Imtech NV has acquired the Belgian maritime technical services provider Van Stappen & Cada NV, which realises an annual revenue of over 3 million euro. The acquisition is meant to strengthen Imtech’s position in the Belgian marine market.
The acquisition will be paid in cash and will immediately contribute to the earnings per share.
Van Stappen & Cada Profile
Van Stappen & Cada was established in 1991 and is based in Antwerp’s port area. The firm specialises in marine electronics, electrical solutions and air conditioning and primarily concentrates on services, repairs, maintenance and renovation, with a strong focus on inland shipping. Its activities include electric systems, radar technology, propulsion, cameras, HVAC solutions and batteries. Its specific strength is 24/7 service and maintenance, offered to clients on the basis of a recurring business model. To this end, the firm has set up a fully equipped workshop as well as a mobile workshop that can quickly serve clients on location in Belgium, Germany and France when required.
As the entire management at Van Stappen & Cada will be staying on, continuity is guaranteed.
