Imtech sells investment in IHC Systems
Royal Imtech has reached an agreement to sell its 50% stake in IHC Systems, part of Royal IHC to Royal IHC (Sliedrecht, The Netherlands), the company said in its press release.
Imtech Marine BV has been involved with IHC Systems BV for more than 25 years. The two companies originally joined forces to develop innovative technologies. Over the years, they also had other interests in different fields of technology.
Imtech Marine is selling its share in IHC Systems to focus on its own core activities. At the end of August 2014 Royal IHC will become the sole owner of IHC Systems, which employs approximately 100 people.
Royal IHC (IHC) is focussed on the continuous development of design and construction activities for the specialist maritime sector. It is the global market leader for efficient dredging and mining vessels and equipment – with vast experience accumulated over decades – and a reliable supplier of innovative ships and supplies for offshore construction. IHC has in-house expertise for engineering and manufacturing integrated standard and custombuilt vessels, advanced equipment and also providing life-cycle support. This integrated systematic approach has helped to develop optimum product performance and long-term business partnerships. The company’s broad customer base includes dredging operators, oil and gas corporations, offshore contractors and government authorities. IHC has over 3,000 employees based at various locations in The Netherlands, Brazil, China, Croatia, France, India, Malaysia, the Middle East, Nigeria, Singapore, Slovakia, South Africa, the United Kingdom and the United States. Technological innovation will remain the company’s underlying strength through its continuous investment in research and development. Moreover, it helps to safeguard a sustainable environment.