The acquisition of the Rotterdam-based maritime service provider Imtech Marine by the Dutch trading company Pon Holdings and private equity fund Parcom Capital has been finalized.
The European Commission has approved the takeover of Imtech Marine, which will continue to operate independently.
René ten Brinke, CEO of Imtech Marine, said: ‘’Now that the acquisition is completed, a new era arises for Imtech Marine. The coming years, our aim will be to further strengthen our leading position in the maritime sector, with dedicated focus on our customers, employees and suppliers. With this new start comes a new company name, which we will announce on November 5th at the maritime Europort exhibition in Rotterdam.’’
Imtech Marine employs almost 2,500 staff, of which over 900 employees are based in The Netherlands. More than 85 offices are positioned in 30 countries along strategic shipping routes and close to shipbuilding centers.
Pon Holdings and Parcom expressed their interest to take over Imtech Marine after its parent company – Royal Imtech – filed for protection from its creditors back in August, unable to tackle the effects of accounting frauds at its German subsidiary, which led to three years of losses and asset writedowns.