Eneco Group and SET Ventures invest in GreenFlux

Leading smart charging company for electric mobility secures EUR 11 million funding to accelerate international expansion

Sustainable energy company Eneco Group and independent investment fund SET Ventures have both acquired a minority stake in Amsterdam-based GreenFlux Assets BV (“GreenFlux”), as part of a total Series B round of EUR 11M. Existing shareholders BOM Brabant Ventures and ICT Group NV also participated in the round. The investment in a leading enabler of electric driving and smart charging supports Eneco Group’s and SET Ventures’ ambitions to accelerate the energy transition by means of technology.

More information is available on the Greenflux website.

Stichting HIV Monitoring Implements ICT Group’s Smart Data System

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.

About SHM
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%).

Automatic asphalt damage recognition using artificial intelligence

BAM Infra and ICT Group have developed a revolutionary technology that automatically recognizes and classifies damage to the asphalt on roads. The technology can be used by road owners such as Rijkswaterstaat, Provincial Governments, water authorities, and municipalities to inspect roads much faster and in a more targeted way. In addition to increasing the efficiency and quality of the inspections this also means that maintenance can be carried out more flexibly and more efficiently. That in turn leads to better traffic flow and less disruption. This new technology shows how data drives innovation, and signifies a further step towards the digitization of asset management.

Self-learning model
The images are supplied by cars fitted with 360-degree cameras that drive around in a particular area. So far, the images have been inspected manually by asphalt experts, who then mark any damage they detect. The Machine Learning technology will automatically analyze the collected images and classify any damage. By adding large numbers of images of known damage to the self-learning model, the model learns how to recognize damage more effectively.
The model can analyze large numbers of images very quickly, and recognize and then classify any abnormalities in the asphalt. This might include holes, cracks and worn spots in the asphalt, but also the presence of animal remains. The algorithm links the damage reports to geographical data so that the exact location of the damage can be determined.

Jaap van den Elshout, Theme Manager Asset Management at BAM Infra: “98% of the images that we receive are of asphalt in perfect condition. By having all the images assessed by the self-learning model, we can get our people to immediately investigate the 2% that show damage in the asphalt. You can imagine what a difference that will make!”.

Aart Wegink, Director Digital Transformation at ICT Group: “The development of new services based on artificial intelligence is one of the spearheads in the Digital Transformation team. New applications of Machine Learning combined with the use of the powerful Azure Cloud enable us to develop new digital services”.

Bits and brains
The self-learning model helps the asphalt experts to focus on the specific road sections in which there may be damage. Although the model can analyze the images very accurately, they are also examined by humans. That means that any project-specific agreements can also be taken into account. The human input is fed back into the model so that it can learn even more.

Unlimited possibilities
The self-learning model can also be trained to recognize other objects. This could include the position of traffic signals, signposts and street lights, and any dirt or abnormalities on them. This innovation will give asset owners a clearer and more up-to-date picture of the quality and quantity of the assets in their area.

Digitization of asset management
The new technology is the result of intensive collaboration between BAM Infra and ICT Group in areas such as big data and the digitization of asset management. This collaboration has already produced intelligent dashboards that are used to monitor the condition of the infrastructure, such as pumping stations or the rail network. Training a computer model, Machine Learning, is the next step in the digitization of asset management.

For more information, please contact Aart Wegink.

ICT Group intends to acquire NedMobiel

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.

New General terms and Conditions ICT Group

ICT has introduced new (amended) General Terms and Conditions of Supply as well as General Terms and Conditions of Procurement. These new (amended) General Terms and Conditions, submitted to the Chamber of Commerce and replacing the General Terms and Conditions earlier used, are effective as of 1 July 2017 and apply to all ICT’s deliveries and procurements as well as all negotiations and (new) agreements with ICT. ICT’s new General Terms & Conditions can be read, downloaded, saved and printed through the links below. In case of questions, please turn to the Legal Department, +31889082000.

“Everybody talks about it; We just do it!”- Publication about ICT Group in MT500

With almost forty years of experience, ICT Group is a leading organisation in the Netherlands, especially in the field of industrial automation. ICT wants to make the world a bit smarter with its solutions. “Where others still think and develop, we already deliver the software solutions.” Thus, the article begins that appeared today in MT500 (page 137) and on CStories.nl. (Only available in Dutch)

InMotion record attempt at Circuit Zandvoort

After 2 years of building, 4 months of intensive testing, ups-and-downs, failures, and successes InMotion is ready to break the electric lap record at Circuit Zandvoort. They will take the ultimate test on the 3rd and 4th of June. The attempt will occur during the break, as there are various racing competitions to enjoy during the rest of the day. Everybody is welcome to come by and witness this event first hand during the Pinksterraces at Circuit Zandvoort.

InMotion at Jumbo Family Racingdays
Next to the record attempt, InMotion will drive at the Jumbo Family Racingdays, on 20th-21st of May. With over 100.000 visitors, this is the biggest motorsport event in the Netherlands. You can visit the InMotion stand at the Paddock 2, reachable with the Jumbo-tickets, and catch up with all the adventures they experienced in the last few months.

Road to Zandvoort
Can’t wait for the record? In the upcoming weeks InMotion will let you experience the final steps via social media, newsletters and press releases. Follow them closely via #roadtozandvoort

Partnership ICT and InMotion
InMotion is an automotive race team that consists of students of Eindhoven University of Technology and Fontys University of Applied Sciences. InMotion aims to participate in the 24h race of Le Mans in 2020 with their IM01 race car. Together ICT and InMotion developed the Electronic Control Units (ECU’s) for the complete IM/e race car. ICT provides its Model based development Production Platform: Motar, consisting of the ECU’s hardware and platform software, while InMotion develops the control algorithms (application software) for these ECU’s.

Can you escape?

Today, the Dutch Technology Week (DTW) has started in Eindhoven. ​ICT Group is proud sponsor of the micro:bit based escape room, called Time Machine. You can visit this escape room during DTW. Other sponsors of the escape room are NXP, Philips, Deloitte, JetNet. You can try the Time Machine escape room during the following Dutch Technology Week events: Opening DTW, Night of the Nerds, High Tech 2 Discover, KempenTech en de High Tech Ontdekkingsroute. Data and locations 15 May 2017 08:00-12:00 Opening event DTW Klokgebouw Eindhoven 16 May 2017 12:00-21:00 Night of the Nerds Klokgebouw Eindhoven 18 May 2017 08:45-13:00 High Tech 2 Discover High Tech Campus Eindhoven 19 May 2017 10:00-14:00 KempenTech Onderwijsdag Smaragdweg Kempisch Bedrijvenpark, Hapert 20 May 2017 11:00-17:00 High Tech Ontdekkingsroute Several location Click here for more information. (Only available in Dutch.)

NS (Dutch Railways) selects ICT Group for Manufacturing Execution System at NedTrain

NS (Dutch Railways) recently selected ICT Group to deliver a Manufacturing Execution System (MES) at NedTrain in Haarlem. NedTrain, a subsidiary of NS, overhauls and maintains train bodies at its Refurbishment & Overhaul workshop in Haarlem. NedTrain is modernizing the process of overhauling wheelsets by building a new and sustainable production workshop, a new production line, a new production machine park, and by applying an IT system (MES) for real-time production control of all machines and transport systems. All data from the overhaul process is stored and managed in MES in order to comply with the increasingly stringent legislation with regard to rail safety. ICT Group is developing the MES using the AspenTech AspenOne software. The solution will consist of hardware and software, as well as an application that will run on mobile barcode scanners and that will be used by the production staff. A service contract for the duration of several years is part of the project. The introduction of MES at NedTrain must result in an efficient, ‘lean’ production process (Manufacturing Excellence), as well as quality improvements. The new production facility is scheduled for completion in the middle of 2017. The new workshop will have an annual overhaul capacity of 3,000 wheelsets. Following professional overhaul, the wheels will have a new lifespan of approx. 1.2 million kilometers.

ICT Group N.V.: Q3 results show continued trend in revenue growth and improvement of profitability

Key developments: Q3 2016

  • Revenue in Q3 up 23% at € 21.0 million (Q3 2015: € 17.1 million), organic revenue growth 5%.
  • EBITDA in Q3 amounted to € 2.1 million (Q3 2015: € 1.7 million).
  • Acquisition of Nozhup completed on 6 September 2016.

Year to date 2016

  • In the first nine months of 2016 revenue was up 22% at € 63.1 million (YTD 2015: € 51.7 million), organic revenue growth 7%.
  • EBITDA in the first nine months amounted to € 6.3 million (YTD 2015: € 4.8 million), an increase of 30%.
  • ICT confirms its expectation of an improvement in EBITDA between 25%-35% for the full year 2016 compared to 2015.

 Key figures

(in € millions) Q3 2016 Q3 2015 Δ YTD 2016 YTD 2015 Δ
Revenue 21.0 17.1 23 % 63.1 51.7 22 %
EBITDA 2.1 1.7 27 % 6.3 4.8 30 %

Jos Blejie, CEO of ICT Group N.V.: “The positive trend of the first half of 2016 continued in the third quarter. Our revenue development is strong, both organically and through our successful acquisition strategy, with all subsidiaries contributing to the growth. Our latest acquisition, Nozhup, strengthens our position in Industrial Automation and is consolidated from 1 September onwards. Our profitability continues to improve. Furthermore, we have won a number of important contracts in the past months. Based on these developments we confirm our expectation of an improvement in EBITDA between 25 and 35% for the full year 2016.” Financial developments Revenue in the third quarter of 2016 increased to € 21.0 million compared to € 17.1 million in the third quarter of 2015. Revenue grew 5% organically in the, due to the holiday season traditionally weaker third quarter. All ICT subsidiaries contributed to this growth. Revenue over the first nine months of the year amounted to € 63.1 million compared to € 51.7 million last year, supported by an organic growth of 7%. Within ICT Netherlands, productivity levels in the third quarter have been comparable to the same quarter last year, but ICT increased average rates and achieved better project results, which led to an increase in revenue. Revenue of Strypes Bulgaria increased compared to Q3 last year. Also the other recent acquisitions performed well, in line with expectations. Nozhup was included in the results for the first time, for one month. EBITDA amounted to € 2.1 million in the third quarter, compared to € 1.7 million in the same period of 2015. In the first nine months of 2016 EBITDA improved to € 6.3 million (first nine months 2015: € 4.8 million). The recent acquisitions, increased number of staff, slightly higher average rates and good project results, all contributed to this improvement. At the same time the double digit growth in Bulgaria was supported by the continued investments in the quality controls and professionalization of the organisation. Acquisition of Nozhup ICT has completed the purchase of 100% of the shares of Nozhup as of 6 September 2016. With this acquisition ICT gains significant scale in the industrial automation market. At the same time, it considerably widens ICT’s customer base and scope of activities in this market. The purchase consideration comprised a cash payment and an amount in ICT shares. The share capital was diluted with 443,058 shares as from 9 September 2016. On a full year basis, the acquisition will substantially enhance the earnings per share. Extended credit facility In anticipation of the acquisition of Nozhup, ICT has extended its acquisition credit facility with Rabobank in July 2016 from € 6 million to € 11 million. Additionally, ICT has increased its working capital credit facility from € 6 million to € 10 million. The conditions of the facilities remained unchanged. Outlook ICT continues to aim for organic growth in combination with growth through acquisitions. ICT will focus on further leveraging its recent acquisitions. Given the strategic progress made and its acquisitions, ICT confirms its expectation for the full year 2016 of an improvement in EBITDA between 25%-35% compared to the full year 2015.