ICT Group nominates Gina van der Werf for appointment to the Supervisory Board

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.

ICT Group in top 15 Computable 100 financial research 2017

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.

Click here to view the whole list.

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!”.

 “The development of new services based on artificial intelligence is one of the spearheads in Data Intelligence. 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  Jasper Groenendijk, Business Development Manager Data Intelligence via jasper.groenendijk@ict.nl.

ICT Group N.V. (ICT) launching partner of Microsoft IoT Central solution

Yesterday Microsoft announced the launch of Microsoft IoT Central. The new Microsoft SaaS Cloud-based IoT Solution. ICT is proud to be a launching partner for this innovative solution.

ICT has a strong focus on the Industrial IoT market. Being an experienced and early IoT Central partner, ICT was able to support new customers during the private preview and can now leverage this experience for new customers and solutions.

Aart Wegink, Director Digital Transformation, ICT states:

“Digital Transformation will drive mass scale growth of the IoT market. Scalable, secure, reliable and pay per use solutions are needed to handle these volumes efficiently.”

Microsoft IoT Central is an essential next step that provides a highly configurable and intuitive solution to define the criteria needed to monitor and diagnose any variety of connected
devices. Microsoft IoT Central will enable ICT to very rapidly add business value for their customers.

More information about the launch of Microsoft IoT Central is available on: https://blogs.microsoft.com/iot/2017/12/05/microsoft-iot-central-broadens-reach-simplicity-saas-enterprise-grade-iot/

Successful Round Table – The Connected Factory, a new manufacturing era

On November 7th  the round table for business leaders and decision makers took place in the factory of Omron Manufacturing Netherlands.

ICT Group in cooperation with Omron, Microsoft and Tele2 IoT proudly created this unique chance to talk with Industry experts in a small setting at Omron’s production facilities in Den Bosch. Those who joined the conversation gathered advice and new inspiration about Industry 4.0, the digital transformation journey. They learned how to redefine their business, how to create higher-quality products at lower costs and how to build entirely new business models and service offerings. And most importantly, they learned how to conserve limited resources to bring their customers a more sustainable future.

The visitors were also taken on a guided tour through the Omron Manufacturing plant to experience a Connected Factory in real life! This tour was a great experience for the visitors.

Do you want to know more about the Connected Factory?
Please contact John Koot.

Ontmoet ICT Group op het KNW Najaarscongres 2017

Ontmoet ICT Group op het KNW Najaarscongres 2017 op vrijdag 24 november in de Mariënhof in Amersfoort, met als centraal thema de ‘Waterprofessional van de toekomst en de impact van de digitale revolutie’.

ICT Group verzorgt sinds jaar en dag de automatisering van de waterinfrastructuur in Nederland. Het gaat niet alleen om het transport van afvalwater en drinkwater, maar ook om het bewaken van de waterpeilen in sloten, kanalen en rivieren.

De watersector staat voor grote uitdagingen. Lees hier meer over de impact van digitalisering in de waterwereld. Tijdens het KNW Najaarscongres op 24 november in Amersfoort leggen wij u graag de voordelen van digitalisering uit.

Klik hier voor meer informatie.

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.

Q3 2017 Results: solid performance

Key developments:

Q3 2017
– 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.

9M 2017
– 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.”

Financial developments
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.

Strategic themes
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.

The Connected Factory, a new manufacturing era

Round Table designed for leaders and decision makers
Manufacturers are embracing what’s recognized as “Industry 4.0” to redefine their businesses, such as company cultures. They’re creating higher-quality products at lower costs. They’re building entirely new business models and service offerings. And most importantly, they’re conserving limited resources to bring their customers a more sustainable future. According to IDC, the connected factory is already a reality as 40 percent of operational processes will be self-healing and self-learning by 2022.

By IDC’s estimates, manufacturing companies that take advantage of their data have the potential to to generate nearly $400 billion in revenue, in comparison to their peers who don’t capitalize on their data. It’s creating a virtuous cycle with savings being reinvested on innovation. However, while leading manufacturers are reaping the results disrupting technologies bring, the gap is widening between those who have started down this path and those who have not. Our advice is simple: if a business hasn’t developed a digital strategy, start now so your business can lead the
transformation and maintain or gain a competitive advantage.


Our key speakers

Taner Paca, product specialist at Omron is passionate about Factory Automation within the Industry 4.0 domain. He is proud to be part of an organization which has been listed as one of the Top 100 Global Innovators in 2016. On a daily basis, Taner works on advising organizations how the industry can use big data to improve productivity and move to a fully automated Dark factory.

Patrik Boccara is a Senior Sales Specialist at Tele2 IoT and co-founder and former CEO of the IoT-startup Kombridge, recently acquired by Tele2 IoT. Patrik is a software entrepreneur with a background in Internet-of-Things telematics and automotive.

Jan Depping
 has been an Azure Technology Strategist at Microsoft since the beginning of 2004 and has a great passion for translating business needs into practical and easy to execute technical solutions. The Internet of Things & Industry 4.0 in combination with Machine learning, Predictive Analytics, Big Data, Data Lake Services, Data Warehouse Services and Security & Privacy are driving his daily activities.

Click here for the program and to sign up. 

Demolab Event: Lifesaving software, breathtaking careers!

During the Demolab Event you can view software solutions and products that in many cases save or greatly improve the life of patients. Software solutions that will amaze you and are of great importance for society.

ICT Healthcare likes to invite you to this innovative and educational event on Thursday, November 16th at the Gasfabriek in Deventer.
We will show you this evening demonstrations of:
– Clinical Decision Support Systems;
– Workflow and data management systems for hospitals;
– Transplantation system for organs;
– Systems for the treatment of rheumatic diseases;
– Diagnostic systems.

Click here for more information and to sign up.