ICT Group N.V. (ICT) announces that it has reached agreement with Dynniq about the proposed takeover of Dynniq’s activities in the field of water related services.
The acquisition will strengthen ICT’s position in the water infrastructure market. The employees of Dynniq involved in the activities and projects for waterboards and drinking water companies, approximately 15 FTE, will transfer to ICT per 1 July 2016. For Dynniq, a leading company in mobility, parking and energy solutions, the water related services are no longer part of their core business. These activities of Dynniq are a good fit for ICT, given the already established position ICT has in the infrastructure market, providing the employees of Dynniq involved a strong platform for further growth.
Roel de Backer, business unit manager Water & Infrastructure: ‘This transaction shows that ICT is increasing its strong position in the world of Water & Infrastructure. The expertise and high standards of our new colleagues are undisputed, and complementary to the broad range of competencies of ICT.’
ICT does not disclose financial details.
Dynniq is derived from Imtech Traffic & Infra. In August 2015, the company was bought by the investment company Egeria and operates since 1 February 2016 the name Dynniq. Dynniq focus areas encompass Mobility, Parking and Energy solutions. Dynniq employs 1800 professionals and is active in 25 countries in Europe and the Americas.