Dutch technical services provider, Imtech, has acquired Groupe Techsol Marine a marine technical solutions company in Quebec City, QC.
The acquisition provides Imtech a marine production site in Canada and strengthens Imtech’s service and maintenance foothold in North America.
“We enjoy a strong position in the global marine market, being active in over 20 countries at more than 70 local offices along all major shipping routes and near major shipbuilding centres.” said Imtech CEO René van der Bruggen. “In accordance with our strategic growth plan, we aim to significantly strengthen our marine activities. Through a combination of organic growth and acquisitions, Imtech aims to double the revenue of its marine division to approximately $1 billion euro by 2015. In this context, Imtech intends to open marine production and multi-services sites in important new areas, where we will be equipping newly-built ships and refit projects with total technological solutions and at the same time offering customers first class service and maintenance support. Groupe Techsol Marine fits perfectly in our strategic plans. Under Imtech’s technological and financially strong wings, the new Imtech company is expected to show continued healthy growth.”
Groupe Techsol Marine has more than 100 employees and annual revenues of approximately $20 million euro (about $27 million Canadian at current exchange rates). The company specializes in high-tech marine technical solutions in the field of vessel automation, alarm, monitoring and control, navigation and communication, and electrical systems – including switchboard and console construction. Groupe Techsol Marine is also active in the field of energy-efficient electric propulsion technology.
The company is primarily active in the market segments of government vessels, workboats, tugs, ferries and special purpose vessels like icebreakers and high-tech research vessels.
Groupe Techsol Marine's primary customers include Canadian shipyards and providers of marine services such as Groupe Océan, Industries Océan, Société des Traversiers du Québec, Groupe Desgagnés, Méridien Maritime, Irving (Halifax Shipyard), PKS Shipyard, BC Ferries, Washington Group (Vancouver and Victoria Shipyard) and the Canadian Coastguard.