ICT Group nominated for Computable Awards 2021

ICT Group is nominated for the Computable Awards 2021. For the general jury the PALGA contract was the reason to nominate ICT Group in the category Service Integrator.

About the Computable Awards

Ict trade title Computable has handed out ten nominations within the Computable Awards 2021 in the category Service Integrator. People can vote as from July 5th  and the winner will be announced on November 2nd.

A group of in total 21 Computable experts has digitally assessed the 36 nominations in the category Service Integrator. Their assessment formed the basis for the general jury of the Computable Awards 2021 to choose the ten nominees. This jury team consists of Artie Debidien, Stijn Grove, Bart van der Mark, Ruud Mulder and Fred Streefland. The nominations have been tested on the distinguishing capacity of the supplier, the distinguishing capacity of the product and what makes the company special according to the submitter.

Read the jury’s report of ICT’s nomination here (Dutch only). 

ICT Group sells its minority interest in Greenflux

All shareholders in Greenflux Assets B.V. (‘Greenflux’) and Novofleet Verwaltungsgesellschaft mbH, a subsidiary of European mobility provider DKV Mobility Services (‘DKV’) signed a sale and purchase agreement with respect to all shares in Greenflux. Closing of the transaction is anticipated later this month. This cash transaction will result in a one-off net profit of approximately € 8.2 million, which will be reflected in the Q2 results.

ICT convenes extraordinary General Meeting of Shareholders

ICT Group N.V. (ICT) today published the convocation for its Extraordinary General Meeting of Shareholders (EGM) that will be held on 9 July 2021 at 11:00 in Rotterdam, the Netherlands. The EGM is convened in connection with the Public Offer made by a consortium led by NPM capital, which was officially launched today. The Offer Memorandum and the Position Statement have been published on the company’s website. 

The EGM will be held at the Groothandelsgebouw, Engels Meeting & Conference Center, Stationsplein 45 in Rotterdam, if circumstances in relation to COVID-19 measures allow. ICT will closely monitor this situation and act in line with what is deemed appropriate by the designated authorities. As currently permitted under the emergency legislation, ICT may decide to hold the EGM virtually only, ultimately on the day before the record date. ICT will inform shareholders through the Company’s website if any changes regarding the EGM occur. 

On the Company’s website you will find further information with regard to registration and instructions how to submit votes. All documents, including the agenda, an explanation of the agenda items as well as the accompanying documents are available on the website.

Container Terminal Automation Conference 2021

Visit ICT Group on CTAC 2021

ICT Group is one of the exhibitors at the Container Terminal Automation Conference (CTAC) 2021. This fully virtual event will take place from Tuesday, May 18 to Friday, May 21.

This year’s event will host debates on the state of the sector featuring C-Level leaders from the industry, explore the emerging technologies that are revolutionising the sector and help guide your continued journey towards automation.

Key topics for 2021:

  • Automation in brownfield terminals
  • Big data and emerging technologies
  • The state of the sector

CTAC 2021 follows the success of the 2020 virtual event, which saw 450 attendees which included over 200 terminal operators. Over 60 speakers will present and discuss across the four days of CTAC 2021 which will feature C-level representatives from Container Terminals from DP World Limassol, all the way to Hutchison South East Asia and many in between, all sharing their own insights and case studies.

Smart Port webinar

As a follow-up to the CTAC 2021, ICT Group is hosting a Smart Port webinar on Thursday, May 27. In this webinar, of interest to anyone involved in port logistics and container shipping, we would like to share with you our vision on container terminal automation. How to achieve Smart Port Logistics, like we do for ECT and PSA.

Open systems and data-driven orchestration

A wave of technological innovation and integration is enabling industries, including ports, to operate in a more data- and insight-driven way. A Smart Port uses automation and innovative technologies. Data intelligence and IoT improve performance and optimize Return on Investment.

The ports of the future will expand their role by orchestrating information flows to improve the efficiency of their entire ecosystem. Information is the cornerstone of Port 4.0. As revolutionary as closed automation silos were in their days, today they limit your business. A new approach is needed if you want to stay in control and ahead of the curve. Replacing closed automation silos with open orchestrated systems is the key.

Sign up now and learn more about Smart Port Logistics!

ICT Group sponsors women’s team Amstel Gold Race

In September, the annual cycling event Amstel Gold Race will be held in the hills of Limburg. This year a special women’s team will participate, which is supported by ICT Group. On 11 September, 500 women, including Leontien van Moorsel, Wendy van Dijk and Anouk Smulders, will cycle the route.

ICT Group is a sponsor of this special initiative. Just like cycling, the IT world is still mainly a man’s world’, says CEO Jos Blejie. We welcome the influx of women into our company and like to offer them the opportunity to develop themselves. We also attach great importance to vitality and the well-being of our employees and we find it important to stimulate this kind of sporting events. Therefore, it was a logical step for us to support the initiative’.

ICT HCTS signed the Partners for International Business (PIB) GermanE-Health

On the 11th of may ICT HCTS signed the Partners for International Business (PIB) GermanE-Health in an online ceremony.

The signing of this international public-private collaboration GermanE-Health markes the start for a new strategic programme to position our digital health solutions in the German market.

ICT HCTS will contribute to the PIB by sharing our 10+ years experience in home/remote monitoring of pregnant women.

Together with Netherlands Enterprise Agency (RVO), Task Force Health Care, NBSO Stuttgart and Embassy of the Kingdom of the Netherlands in Germany and fellow companies CAREANIMATIONS, Curavista bv, easee IDCP B.V., Medify, SmartMed B.V., Spectator Healthcare Technology, Ximius – Patient Flow and Zivver we will share our experiences and promote our solutions to improve the lives of people and patients in Germany.

We are looking forward to share our experiences with our German neighbours to promote better access to care, increased safety, cost-effectiveness, efficiency and better outcomes for patients.

SHAREHOLDERS MEETING ICT GROUP ADOPTS ALL RESOLUTIONS

ICT Group N.V. (ICT) announces that the Annual General Meeting of Shareholders (AGM), which was held today via webcast, adopted all proposed resolutions. This included the adoption of the annual accounts and the reappointment of Mr. Theo van der Raadt, as member of the Supervisory Board of ICT Group.

In line with the proposal, the AGM approved a dividend of € 0.40 per share for the 2020 financial year. The dividend in cash will be payable on 3 June 2021. The ex-dividend date is 14 May 2021 and the record date is Monday 17 May 2021 after closing of the stock exchange.

ICT selected as AVEVA Model-Driven MES Practice Partner

Being a part of the exclusive AVEVA Model-Driven MES Practice allows ICT to offer elevated benefits to customers.

ROTTERDAM, May 3, 2021 – AVEVA, a global leader in industrial software, driving digital transformation for industrial organizations managing complex operational processes,  has selected ICT Netherlands, part of ICT Group, to join its Model-Driven Manufacturing Execution System (MES) Practice Partner Program. ICT Netherlands is one of only three partners from the Benelux region who has qualified for this elite program by meeting AVEVA standards and requirements. As a development partner, ICT will help AVEVA to build a knowledge base with reusable templates. This contributes to expanding industry  best practices and functionality in AVEVA’s software library  and enables ICT to realize projects much faster, bringing in enhanced benefits to end customers.

We are proud to be part of AVEVA’s worldwide Practice Partner Program as one of only three partners in the Benelux.

Erwin Pouwels, Strategic Partner Director of ICT Netherlands

Mark Satink, General Manager of AVEVA Distributor Wonderware Benelux, said, “The Model-Driven MES offering is our solution for a Manufacturing Execution System at production companies that want to step into the Industry 4.0 era to become a truly smart factory with optimal automatized and paperless workflows. We need knowledgeable partners that have the necessary skill to integrate our solution. ICT already has a proven track record in the implementation of our SCADA and MES offering, and we are  delighted that they are taking this next step.”

Model-Driven MES is a processcentric approach to the digital transformation of best practices for reuse, sustainable standardization, and continuous improvement in plant and multi-site manufacturing operations. AVEVA’s Model-Driven MES approach combines the traditional benefits of a manufacturing execution system with modern digital workflow management technology to bring people, organizations, and processes together for increased efficiency as well as for capturing work processes and operational procedures in digital workflows and related user experience configurations (models).

AVEVA logo

As a supplier, AVEVA has chosen to focus primarily on  developing, and  delivering the software product portfolio including service and support. Delivering projects with their software products is reserved for these elite system integrators. This allows all parties to do what they do best.

Erwin Pouwels, Strategic Partner Director of ICT Netherlands, said, “We are proud to be part of AVEVA’s worldwide Practice Partner Program as one of only three partners in the Benelux. ICT is a major player in the European technology solutions market. We have already realized several large projects with AVEVA MES. In addition, we have a large group of expert engineers who have extensive domain knowledge, mainly in the Food, Chemical, Pharma and Water market segments. Thanks to this intensive partnership with AVEVA, our customers will benefit from the advantages of Model-Driven MES.”

ICT reports revenue and EBITDA growth

Q1 2021 results ICT Group

Highlights Q1 2021

  • Revenue in Q1 2021 up 5% to € 43.7 million (Q1 2020: € 41.6 million)
  • Organically revenue was flat, mainly due to the tight labour market
  • EBITDA increased 20% to € 5.4 million (Q1 2020: € 4.5 million) due to increased productivity levels and cost control measures 
  • On 1 April ICT announced the closing of two acquisitions in industrial automation  
  • The future business impact of the pandemic is difficult to predict, therefore we refrain from giving an outlook for the full year 2021.

Intended public offer

  • On 5 March 2021, a Consortium led by NPM Capital announced an intended public offer for ICT Group
  • The Offer Memorandum related to the intended public offer was filed with the AFM for review and approval on 1 April 2021
  • Unconditional approval of the Netherlands Authority for Consumers & Markets (Autoriteit Consument & Markt) in connection with the Offer is obtained

Key figures

Jos Blejie, CEO of ICT Group N.V.:
“In Q1 2021 we saw the trends continuing, including the ongoing strong performance of our nearshoring and project businesses, and at the same time the impact of Covid-19 still weighing on other activities. Moreover, Covid-19 is constraining our recruitment activities, which makes it harder to attract new talent. This in particular contributed to a flat organic revenue development. Thanks to the contribution of the acquisitions Yellowstar and Esprit, reported revenue growth came in at 5%.

The EBITDA development reflects the increased productivity levels, which we saw improving since last summer. In combination with our continued cost discipline, EBITDA improved compared to Q1 2020. 

As expected, the uncertainties related to Covid-19 continue to limit our visibility. Furthermore, the tight labour market continues to pressure organic growth. We are however well positioned and well equipped, thanks to our enhanced business agility, to continue our strategic journey.”

Financial developments
In the first quarter of 2021 revenue increased by 5% to € 43.7 million from € 41.6 million in the same period last year. This increase is mainly attributable to the acquisitions of Esprit (consolidated as of July 2020) and Yellowstar (consolidated as of January 2021). Organically, revenue was at the same level as Q1 last year. 

EBITDA increased 20% to € 5.4 million in the first quarter of 2021 compared to € 4.5 million in the same period in 2020. This increase is attributable to increased productivity levels as well as cost control measures. 

The EBITDA margin came in at 12.4%, an improvement compared to Q1 2020 (10.9%). 

At ICT Netherlands we saw an improvement in productivity levels, mainly in the Engineering R&D segment where the Automotive activities improved versus the first quarter last year. 

COVID-19 impacted the public transport activities, including TURNN and also Improve continued to be affected as the market for trainings is still at low levels. OrangeNXT faced lower project activity levels. 

The nearshoring activities in Bulgaria continued their strong performance, both in revenue and result. The productivity levels of the Swedish activities are improving versus the first quarter 2020. Also in Sweden, the tight labour market is limiting growth. 

Acquisitions
On 1 April 2021, ICT announced the closing of the acquisition of Profit Consulting Eindhoven B.V. and Profit Consulting Apeldoorn B.V. as well as the acquisition of Strypes Nederland B.V. The latter includes a subsidiary in Portugal, Strypes Technical Software Unipessoal LDA Portugal, which provides ICT with a new nearshoring location. 

Outlook
The labour market remains challenging and we foresee recruitment activities still being hampered by COVID-19, therefore we expect organic growth to continue to be pressured. Because of this, combined with the difficulty to predict the future business impact of the pandemic, we refrain from giving an outlook for the full year 2021.

Tunnel Challenge boring? Not according to the participants: ‘There is a lot of technology behind a tunnel’.

For third-year students of Electrical Engineering and Technical Informatics, 12 and 13 April at Avans Hogeschool in Den Bosch were all about the Tunnel Challenge. Thinking about automation in tunnels was the challenge. There is much more to it than meets the eye”. ICT Group, INNOCY together with partner Schneider Electric were proud sponsors of this event.

On the top floor at Avans on the Onderwijsboulevard in Den Bosch, groups of students are working fully focused behind their laptops on Tuesday morning. In the middle of the classroom there is a large digital screen, on which a tunnel can be seen. It is a simulator that the students operate. Every now and then, several cars race past. When third-year Technical Computer Science student Youri Leenman presses a button on his laptop, a bright light suddenly shines in the digital tunnel. It took a while for this to work, but now that it has, it’s great fun to do”, he says, laughing.

Read more about the students’ experiences here. Only available in Dutch.