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Imtech N.V. (AMS:IM) Gouda - Imtech (technical services provider in Europe) announced that it has signed a major framework contract with the Romanian oil industry for measuring the quantity and quality of oil extracted across dozens of oil-producing locations in Romania. The total value of this contract comes to around 25 million euro.
The Romanian oil sector is making significant investments in improving its production facilities. One of its key objectives is to modernise the measuring of the quantity and quality of its extracted oil with a view to meeting European and international standards. Imtech will be installing dozens of high-tech modular measuring stations in Romania. These will consist of a combination of automated measuring systems, data collection systems, data transmission solutions and direct links to clients' information management and monitoring systems. This will make automated settlements possible. Imtech's innovative flow computer, Flow-X, is one of the systems that will be used for this. Imtech has received the order to start supplying 29 measuring stations, with the relevant hardware, software, power distribution and monitoring systems, and has also signed a framework contract for dozens more of these stations in the coming period. In this respect, Imtech will be acting as a full EPCC partner, in other words, a technology partner for Engineering, Procurement, Construction and Commissioning.
Romania: growth market for Imtech Imtech is one of the few technology firms able to offer total solutions for these kinds of projects. The contract will be carried out by Imtech Industry International in the Netherlands (the business units Imtech Analyser Systems and Imtech Vonk). All technical modules will be prefabricated and prepared in the Netherlands - in Tholen, Coevorden and Bergen op Zoom - before being distributed to the various locations in Romania as a single 'package'. The installation and commencement of operations will be done on location under Imtech supervision, and the project management will be co-ordinated from Imtech's own offices in Bucharest and Ploiesti. Imtech has already achieved success in the past with regard to the measuring of the quantity and quality of extracted gas in Romania. Imtech is also active in other sectors in this country. Romania is one of the Eastern-European countries where Imtech intends to realise further strategic growth.
Imtech profile Imtech N.V. is a European technical services provider in the fields of electrical engineering, ICT and mechanical engineering. With over 19,000 employees, Imtech achieves annual revenue of more than 3.3 billion euro. Imtech holds strong positions in the buildings, industry and infrastructure/mobility markets in the Netherlands, Belgium, Luxembourg, Germany, Eastern Europe, the UK, Ireland and Spain and in the global marine market. In total Imtech serves 14,000 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 Midcap Index. Imtech shares are also included in the Dow Jones STOXX 600 index.
