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Closure ICT Poland operations

ICT Automatisering N.V. (ICT) hereby announces the closure of its ICT Poland operation with effect of 31st May 2016. Although ICT Poland realized an improvement in the past year, the Polish activities had not reached the necessary scale to continue to make the operation viable. Therefore, in a consolidating market, ICT has decided to focus its nearshoring strategy fully on Strypes Bulgaria which has already achieved healthy growth and has the clear potential to continue to expand its customer base. Nippon Seiki (Europe) B.V., a supplier to the automotive sector, is extending its European Technical Development offices and in close cooperation with ICT, has offered employment opportunities to members of the ICT PL technical team. This move fits well with Nippon Seiki’s current plan to increase local development resources to the European market. Jos Blejie, CEO of ICT: “We are confident that this transaction is in the best interest of all stakeholders, including the employees of ICT Poland and our customer Nippon Seiki. This transaction guarantees continuity for everyone and will allow ICT to fully focus on the expansion of Strypes Bulgaria.” The asset purchase agreement will be effectuated on 1 June 2016. Financial details will not be disclosed.

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