Clearwater International advises Imtech N.V. on Inviron acquisition


Clearwater International has advised Dutch-based technical services provider Imtech N.V. (“Imtech”) on its cross-border acquisition of Birmingham-based technical maintenance and management company, Inviron Limited (“Inviron”).

Imtech N.V. is a European based group operating in the fields of mechanical, electrical and ICT services across a number of sectors including building services, industrial, power generation, water and transport. The firm has annual revenues of around €4.5billion and is listed on the Euronext Stock Exchange as well as the Dow Jones STOXX 600 index.

Inviron is one of the few companies in the UK fully specialised in technical maintenance & management and forms a perfect match with Imtech’s existing activities in the UK. Inviron has annual revenues of around £130m and over 1,100 employees. Imtech can now offer the combination of new build technical solutions and technical maintenance & management throughout the entire UK to an enlarged customer base.

Imtech CEO René van der Bruggen commented on the deal: “Imtech’s objective is to realise revenue of 8 billion euro in 2015. Imtech aims, among other things, to strengthen its position in the UK and the acquisition of Inviron fits perfectly in this strategy. This improves our position, increases our added value and enables additional growth. In short: an excellent step forwards.”

Clearwater International’s support services team advised on the transaction, led by partner Paul Jones and supported by assistant director John Clarke.

Paul Jones, support services partner at Clearwater International said: “Imtech have a clearly defined strategy of developing their capabilities in the provision of technical services within the UK and the acquisition of Inviron represents a key step in achieving this. We are delighted to have identified, introduced and advised on this acquisition for Imtech and the deal represents a prime example of the advisory role that Clearwater International offer to its multi-national clients.”