Imtech Acquires Spanish Specialist In Industrial Maintenance

Gouda, Netherlands, Dec 3, 2007 - (Hugin via ABN Newswire) - Gouda, The Netherlands, 3 December 2007 - Imtech (technical services provider in Europe) announces its acquisition of Metubsa S.A., a Spanish specialist in industrial maintenance. With 70 employees, Metubsa's estimated revenue in 2007 is 4 million euro. The acquisition sum (including earn-out) is based on five times the EBITA for 2007. This acquisition price was paid in cash. The acquisition will contribute directly to the profit per share and provides a good basis for strengthening the position in the Spanish market for industrial technical services.

In southern Spain and the region around Madrid, Imtech has a strong position in the oil & gas, chemicals and petrochemicals markets, the steel industry and other heavy industry. From eleven locations, Imtech offers added value in the field of industrial assembly, industrial maintenance, shut-downs and revamping services. In the north of Spain, Imtech still has a modest position. Work is carried out here on a project basis for existing customers. With the acquisition of Metubsa, Imtech is creating a solid basis for further growth.

Metubsa, located in Tarragona in the north of Spain, is specialised in industrial maintenance. The company has a good reputation and has been active for many years in this fast growing industrial region with a concentration of oil, gas and petrochemical industry activities. Major customers include Repsol and Iqua. Metubsa has long-term maintenance contracts with both of these concerns. From this position, Metubsa will function as the northern region of Imtech, so that Imtech can offer its entire range of industrial services to existing and new customers. This will lead to additional growth and further reinforcement of the present position. The current management of Metubsa has undertaken to remain with Imtech for a protracted period, which guarantees continuity.

Further information Imtech N.V. M.E.J. (Mark) Salomons Company Secretary Telephone: +31 (0)182 54 35 14 E-mail: mark.salomons@imtech.eu www.imtech.eu

Imtech Profile Imtech N.V. is a European technical services provider in the fields of electrical engineering, ICT (information and communication technology) and mechanical engineering. With approximately 18,000 employees, Imtech realises annual revenue of 3 billion euro. Imtech holds strong positions in the buildings, industry, infrastructure/mobility markets in Belgium, Germany, Luxembourg, the Netherlands, Eastern Europe, Spain and the UK and in the global maritime market. Imtech provides services to a total of 12,000 clients. Imtech offers added value in the form of integrated and multidisciplinary total solutions that lead to improved operating processes and higher yields for clients and their clients in return. Imtech also provides solutions that contribute to a sustainable, liveable society, for example in the field of energy, mobility, safety and the environment. 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.



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Imtech N.V.

http://www.imtech.nl

ISIN: NL0000361269

Stock Identifier: AEX.IMUN