ICT Group N.V. (ICT Group) today announced the appointment of Roy Jansen as Chief Operating Officer (COO) of ICT Group. In this position Roy Jansen will be responsible for the operational execution of the corporate strategy of ICT Group.
Roy Jansen joined ICT in 2008. Since 2012 he has been responsible for the business units within ICT Automatisering Nederland B.V. The appointment of Roy Jansen supports ICT’s growth strategy aimed at expanding its current distinctive niche position, both organically and through acquisitions.
The role of COO at ICT Group is non-statutory. The composition of the Executive Board of ICT Group remains unchanged. Roy Jansen will remain a statutory director of ICT Automatisering Nederland BV.
Data System Based on LogicNets Increases Efficiency in HIV Monitoring
On Monday, February 5, 2018, the Stichting HIV Monitoring (SHM, the Dutch HIV monitoring foundation) implemented a new smart data entry and storage system. SHM developed DataCapTree with the LogicNets Medical Decision Framework, ICT Group’s decision support solution.
DataCapTree collects pseudonymized medical data of people with HIV, which are used by the foundation to monitor the course of the disease and the efficacy of the HIV treatment. SHM’s annual ‘Monitoring Report’ may prompt NVHB (Nederlandse Vereniging van hiv Behandelaren [Dutch Association of HIV-treating physicians]) to change their treatment guidelines. SHM Deputy Director Sima Zaheri is pleased with the new system: ‘The new system facilitates improved data quality, which, in turn, helps us improve our monitoring performance. We intend to use this tool to further strengthen our commitment to better care for people with HIV.’
‘We have a predefined protocol in place to guide SHM data collection staff through the data entry process. In our old system, our data collection team performed these tasks based on steps they had memorized. This dependency on their memory made the system prone to differences in interpretation and errors, resulting in time-consuming quality checks,’ says Sima Zaheri, explaining the difference between the old and the new system. ‘Our new LogicNets-based system provides our data collection staff with smart support, guiding them through a structured process. It also signals incomplete or erroneous input values, offering support every step of the way.’
Following extensive market analysis, SHM selected ICT Group’s LogicNets solution in May 2016. The deciding factors were the protocols’ modularity, the system’s decision support, integration options with other software, and flexibility. Zaheri: ‘We didn’t want to have to change systems too frequently. Our foundation is small compared to the significant costs such changes often involve. With DataCapTree we are prepared for the future.’ Our focus for the next six months will be on further implementing and fine-tuning the system. SHM’s long-term goal is to explore the world of automated data entry.
Stichting HIV Monitoring (SHM) makes an essential contribution to healthcare for HIV-positive people in the Netherlands. Working with all HIV treatment centers in the Netherlands, SHM systematically collects coded medical data from all registered HIV patients. SHM uses these data to produce center-specific reports that allow HIV treatment centers to optimize their patient care and obtain formal certification. SHM’s data also form the basis for the yearly HIV monitoring report and are used in HIV-related research in the Netherlands and internationally. The outcome of SHM’s research provides tangible input into HIV care and prevention polices in the Netherlands.For further information about SHM, please visit their website: http://www.hiv-monitoring.nl/english/
About ICT Group N.V.
ICT Group N.V. is a leading industrial technology solutions and services provider. Our specific industry knowledge of various markets, enables us to realise innovative solutions. Over 1000 passionate technical specialists are working for the ICT Group. The following subsidiaries are the main operating entities of the ICT Group: ICT Netherlands (ICT Automatisering Nederland B.V.), ICT Belgium, Strypes Bulgaria (Strypes EOOD ltd), Raster (Raster Industriele Automatisering B.V. and Raster Products B.V.), Improve (Improve Quality Services B.V.), NedMobiel B.V., BMA (Buro Medische Automatisering B.V.) (51%) and ICT Mobile B.V. (51%).
As wholly owned subsidiary InTraffic will strengthen ICT’s position in Smarter Cities
ICT Group N.V. (ICT) announces that today it has signed a letter of intent to acquire the remaining 50% of the shares in InTraffic B.V. (InTraffic) that its joint venture partner Movares Group B.V. (Movares) currently holds. Following the acquisition, ICT will hold 100% of the shares of InTraffic. Acquiring InTraffic in full will allow ICT to strengthen its position in its strategic theme ‘Smarter Cities’.
InTraffic, located in Nieuwegein, designs and builds applications for Traffic Management, Infrastructure Monitoring and Travel Information. The company was founded in 2003 as a joint venture between ICT and engineering company Movares. With 150 professionals InTraffic generates an annual turnover of approximately € 19 million.
Jos Blejie, CEO of ICT: “I am convinced that this intended transaction is beneficial to both InTraffic and ICT. InTraffic perfectly fits our strategy in Smarter Cities. By joining our forces, we can offer an even more compelling proposition and boost our innovation and product development in the area of Rail infrastructure and Mobility. After 15 years of working closely together with our joint venture partner Movares in the area of public transport, I am pleased that we now intend to welcome InTraffic to become part of ICT.”
Sander Eijgenraam, CEO of Movares: “InTraffic has been a strategic alliance with ICT for almost 15 years. In these years the role of IT in Rail infrastructure and Mobility changed substantially. In this change Movares considers InTraffic less strategic to its core business as consultants and engineers. After the closing of the transaction Movares and InTraffic will prolong their collaboration at its mutual main customer ProRail.”
Bert van Elburg, CEO of InTraffic: “We look forward to becoming fully part of the ICT Group. I believe this transaction is beneficial for the employees and the customers of InTraffic. Combining the strong position of InTraffic in Mobility and Rail Infrastructure with the strong position of ICT in public infrastructure will intensify the cross-fertilization and thereby strengthen our position.”
Closing of the transaction is expected end of March 2018. InTraffic will be fully consolidated as from the closing of the transaction, while currently ICT’s 50% stake is reported as result from joint ventures. The purchase consideration for 50% of the shares will be paid in cash. Further financial details will not be disclosed.
ICT Group N.V. (ICT) announces that it has completed the purchase of 100% of the shares of NedMobiel B.V., a Dutch expert consultancy company for complex infrastructures. The purchase consideration has been paid in cash.
NedMobiel has extensive expertise in (tunnel) safety, asset management and project management. NedMobiel will work closely with ICT Netherlands’ business units Water and Infrastructures and Engineering Contractors and will be able to benefit from the strong position that ICT holds in the national rail, road, water and infra sectors. This acquisition supports ICT’s transition from a leading software integrator to a total technology and service provider, by increasing revenue from projects as well as from services.
ICT Group N.V. (ICT) today announces the nomination of Mrs. Gina van der Werf for appointment as member of the Supervisory Board of ICT Group. Her nomination made by the Supervisory Board will be on the agenda of the Annual General Meeting of Shareholders of ICT Group on 9 May 2018. Gina van der Werf is CEO of First Dutch Innovations and has the Dutch nationality. Mr. Jan Sinoo, whose second term ends on 9 May 2018, will not be available for re-election.
Gina van der Werf (46) is CEO of First Dutch Innovations, a multinational company active in the TIC-sector (Testing, Inspection and Certification), Metrology and in Life Sciences. In the past she was Chairman of the Management Board of Priority Telecom NV after corporate positions within the Liberty Global. She also held several Supervisory Board positions within the IT sector and within the Noordelijke Hoge School Leeuwarden (NHL). She holds a degree in Corporate Law and International Organisations from the University of Groningen.
Theo van der Raadt, chairman of the Supervisory Board of ICT Group: “We are very pleased to nominate Gina van der Werf for appointment to the Supervisory Board. With her broad and international management experience and extensive background in the tech sector she will be a valuable addition to our Supervisory Board. I am convinced that ICT Group will benefit from her involvement in developing innovative companies and promoting entrepreneurship. At the same time, I would like to thank Jan Sinoo for his valuable contribution over the past eight years in which ICT made significant steps forward.”
Gina van der Werf will be nominated for appointment for a period of four years until the AGM in 2022. The nomination for appointment will be made under the condition that the general meeting does not make use of its right of recommendation. After her appointment, ICT Group’s Supervisory Board will consist of the following members: Theo van der Raadt (Chairman), Deepak Luthra, Fritz Fröschl and Gina van der Werf. Mrs. van der Werf will become chair of the Remuneration and Appointment committee.
We are very proud to announce that ICT group has reached the 8th place in the top 15 ICT service providers and the 5th place in the top 15 listed ICT companies in the Computable 100.
Based on the financial list of the Computable 100, the advisors of MBCF drew up several lists. The score is based on the type of organization, Dutch origin, a stock exchange notation and whether an investor participates in the company.
We proudly report that this year, ICT Group has reached the 15th place in the Computable 100 financial research. A rise of 57 places compared to 2016. The financial research was conducted by MBCF. The score takes in to account: turnover growth, EBITDA-margin, solvency and turnover per employee over a period of three years.
In November 2017 ICT Group has opened a new office in Aartselaar, Belgium. This step is in a line with the growth strategy of ICT Group.
Herman Roelandts has been appointed as Sales Director Belgium. His main objective will be the further growth of the secondment activities in Belgium. In addition, his focus will be on Healthcare Projects and the expansion of our LogicNets decision software solutions as well as the ICT Group proposition for Digital Transformation.
ICT Group N.V. (ICT) announces that it has signed a letter of intent to acquire 100% of the shares of NedMobiel B.V., a Dutch based expert consultancy company for complex infrastructures, such as tunnels, bridges, water locks, motorways and mobility solutions. The fields of expertise of NedMobiel include (tunnel) safety, asset management and project management. The highly educated and experienced advisors and project managers cover the full spectrum from strategy to operations.
NedMobiel, based in Breda, was founded in 2006. The team of 27 professionals has various engineering disciplines and backgrounds such as civil engineering, safety, mechanical & electrical engineering. All consultants and project managers have either a bachelor or master degree.
Jos Blejie, CEO of the ICT Group, stated: “We are very pleased with the intended acquisition of NedMobiel. The expertise of ICT and NedMobiel is fully complementary and we believe that the highly educated and experienced professionals of NedMobiel will fit perfectly within the existing ICT Group culture. NedMobiel will work closely with ICT’s business unit Engineering Contractors and will be able to benefit from the strong position that ICT holds in the national rail, road, water and infrasectors.”
NedMobiel has approximately € 3 Million revenues. The founders and partners of NedMobiel will continue within the ICT Group and will lead the mobility initiatives. The purchase consideration will be paid in cash. Further financial details will not be disclosed. The completion of the transaction is expected at the beginning of 2018.
The acquisition of NedMobiel is in line with ICT’s strategy to achieve organic growth combined with acquisitions. The aim of the acquisition strategy is to achieve strong positions in each of ICT’s three main themes: Smarter Industry, Smarter Cities and Smarter Health. Within these themes ICT delivers the highest added value to its customers. This acquisition supports ICT’s transition from a leading software integrator to a total technology and service provider, by increasing revenue from projects as well as from services.
We will maintain our focus on what we try to accomplish every day; making the world a bit smarter with our technologies and skills.
– Revenue increased 23% to € 25.8 million (Q3 2016: € 21.0 million), organic revenue growth trend continued.
– EBITDA came in at € 2.5 million, an increase of 19% compared to € 2.1 million in Q3 2016.
– Focus on integration and consolidation of acquisitions continued; integration HTS ongoing.
– In the first nine months of 2017 revenue was up 21% to € 76.5 million (9M 2016:
€ 63.1 million), organic revenue growth 8%.
– EBITDA amounted to € 7.8 million (9M 2016: € 6.3 million), an increase of € 1.5 million.
– For the full year 2017 EBITDA expected between € 11.5 million and € 12.5 million.
Jos Blejie, CEO of ICT Group N.V.: “In the third quarter we continued our disciplined approach towards integration and consolidation. The integration process of HTS, which we acquired last June, is ongoing and we completed the integration of Nozhup. All ICT subsidiaries contributed to the growth realized in the past nine months. In particular ICT Nearshoring and BMA performed well in the third quarter. BMA benefited from its delayed launch of a new generation fetal heart monitors. With the continued favorable economic conditions, we expect to pass the € 100 million revenue milestone this year and expect to realize an EBITDA between € 11.5 million and € 12.5 million.”
In the third quarter of 2017 revenue increased 23% to € 25.8 million compared to
€ 21.0 million in Q3 2017. Organically, excluding HTS (acquired in June 2017) and
2 months Nozhup (consolidated as of September 2016), revenue growth was in line with the previous quarters. For the first nine months of the year revenue amounted to € 76.5 million. All subsidiaries contributed to the 21% increase compared to last year. Organic revenue growth year to date is 8%.
Overall productivity levels within ICT Netherlands were in line with last year. Strypes Bulgaria showed a significant increase in revenue compared to Q3 last year. BMA performed above expectations, Improve and Raster performed in line with last year. All ICT subsidiaries recorded positive results. EBITDA came in at € 2.5 million in the third quarter, compared with € 2.1 million in the same period of 2016. Year to date EBITDA was up 24% to € 7.8 million (9M 2016: € 6.3 million), resulting in an EBITDA margin of 10.2% (9M 2016: 10.0%). The positive trend in ICT’s markets continued in the third quarter.
ICT focuses on the themes Smarter Industries, Smarter Cities and Smarter Health. Within these themes ICT delivers the highest added value to its customers. Due to the acquisitions of Nozhup and HTS, growth in the themes Smarter Industries and especially Smarter Cities was higher than in the Smarter Health theme.
Divestment of minority share in Strypes Nederland B.V.
In October Strypes Bulgaria (ICT Nearshoring) agreed to divest its minority stake (25%) in Strypes Nederland B.V. to the existing shareholders. As a consequence, transfer of the shares will take place early November. As part of this agreement Strypes Bulgaria and Strypes Nederland B.V. will continue their collaboration.
ICT will continue to further leverage the strategic platform it has successfully built over the past years, aimed at organic growth combined with acquisitions. ICT’s acquisition strategy is focused on achieving a more balanced position between the three main themes. Our solutions, enabling a digital transformation for our customers, will be deployed in all industries and further internationalized.
Overall ICT has benefited from favorable economic circumstances. The markets in which ICT operates are expected to continue this favorable trend in the fourth quarter of the year. The strong fourth quarter of last year was the first quarter in which the activities of Nozhup were fully consolidated.
Based on the above, ICT expects EBITDA between € 11.5 million and € 12.5 million for the full year 2017.