ICT Group heeft besloten haar healthcare activiteiten in zowel BMA als ICT Netherlands te integreren in een nieuw label: ICT Healthcare Technology Solutions (HCTS). Hiermee versterkt ICT Group haar positie in de medische markt. Per 1 januari 2020 zal dit traject volledig zijn afgerond maar recent is al een belangrijke mijlpaal bereikt: de lancering van de website van het nieuwe label.
ICT Healthcare Technology Solutions wordt het label waarmee de Europese markt zal worden bediend. Door de integratie ontstaat een bundeling van kennis en ervaring op het gebied van Medical Software Development, Radiotherapie en technologische producten voor de Obstetrie. De samenvoeging biedt synergie, waardoor nog meer toegevoegde waarde kan worden gerealiseerd binnen onze dienstverlening. Dit heeft niet alleen voordelen voor de klant, maar geeft ook meer mogelijkheden voor eigen medewerkers en andere IT professionals om zich binnen HCTS te ontwikkelen.
Door de expertise van beide bedrijven samen te voegen, kan ICT Group beter en sneller voorzien in de behoefte van de klant, ontstaat meer slagkracht als het gaat om de inzet van middelen en kan het partnernetwerk worden geoptimaliseerd.
ICT Group N.V. is een toonaangevende industrial technology solutions and services provider. Onze specifieke kennis van de markt stelt ons in staat om innovatieve oplossingen te realiseren. Bij ICT Group werken ongeveer 1400 gepassioneerde technische specialisten. De volgende bedrijven zijn onderdeel van ICT Group N.V.: ICT Netherlands, ICT Belgium, Additude (Sweden), CIS Solutions Germany, Strypes (Bulgaria), Raster Industriële Automatisering, InTraffic, NedMobiel, BNV, ICT Healthcare Technology Solutions, OrangeNXT and Improve.
FY 2019 EBITDA (Pre-IFRS 16) forecast at between € 10 and € 12 million
Jos Blejie, CEO of ICT Group N.V.: “After a strong first half of 2019, the third quarter was disappointing for ICT Group. In our business the third quarter is traditionally a quarter with uncertainties due to the summer breaks. Although we anticipated the high organic growth levels to level off in the second half of the year, we did not foresee the rate of deterioration in market conditions. Clients terminated a number of projects unexpectedly, impacting productivity in the third quarter. At the same time, we see increased momentum for our Software as a Service offerings, and we continue to invest in these innovative solutions. These upfront outlays do however impact the short term profitability. We expect the situation of the third quarter to stabilize in the fourth quarter. We have taken the necessary measures and have trust in the recovery of our margins. The anticipated lower productivity in the traditionally strong fourth quarter will however impact EBITDA in the fourth quarter. We therefore expect EBITDA for the full year 2019 to come in at between €10 to €12 million.”
In the third quarter of 2019 revenue increased by 13% to € 35.9 million from € 31.8 million in the same period last year, fully driven by the acquisitions of Additude and BNV in Q1 2019. Organically, revenue growth was limited to 2% in the third quarter, mainly due to the market developments. For the first nine months of the year revenue amounted to € 115.7 million (9M 2018: € 92.7 million). All segments showed growth over the 9 months period compared to last year. Organically, revenue rose 7% year-to-date.
EBITDA decreased to € 2.0 million in the third quarter of 2019 compared to 3.1 million in the same period in 2018. A decline in productivity was the main reason for this decrease.
In the first nine months of 2019 EBITDA was slightly higher in absolute terms compared to last year. The EBITDA margin came in at 7.3% year-to-date (9M 2018: 8.8%). The costs related to strategic initiatives and the realisation of acquisitions and partnerships in 9M 2019 were higher at € 0.6 million (9M 2018: € 0.1 million). In 2018, following the acquisition of InTraffic, one-off costs of € 0.8 million were incurred as contract termination fees.
In the Netherlands performance of the segment Engineering R&D was affected by the termination of a number of projects. The Infra & Mobility segment experienced lower productivity in the Energy activities and results were also impacted by the upfront outlays in Mobility as a Service. The Swedish activities (Additude) reported lower than anticipated results due to low productivity. In Bulgaria, the nearshoring entity Strypes realised healthy growth in both revenue and EBITDA, mainly driven by ongoing demand for nearshoring services.
ICT remains fully focused on profitable growth and will continue to execute its buy-and-build strategy; combining healthy organic growth with selective acquisition opportunities. Given the developments this third quarter, the main focus on the short term will be on improving productivity. We have taken necessary measures and we are confident that our margins will recover. For the long term, ICT is fully committed to deliver on its objective of increasing annual revenue to between € 200 and € 230 million by 2022, with a targeted EBITDA margin between 10 and 12%.
We expect stabilisation of the productivity levels though at a lower level than traditionally in fourth quarters. As a result we anticipate a lower EBITDA in the second half of the year compared to the first half. For the full year 2019 this is expected to result in an EBITDA between € 10 and 12 million.
FIRST HALF YEAR 2019: Strong revenue and EBITDA growth
International expansion and strengthened position in Smarter Cities mark important steps in strategic roadmap
Highlights H1 2019
Revenue came in at € 79.8 million, an increase of 31%, organic growth was 9%
EBITDA increased to € 8.8 million including IFRS 16 effects. Pre-IFRS 16 EBITDA increased 27% to € 6.4 million (H1 2018: € 5.1 million)
Underlying net profit amounted to € 1.9 million, up 24% compared to H1 2018
Acquisition of Additude marks international expansion into Sweden
Mobility as a Service strengthened with acquisition of BNV Mobility
Letter of intent signed to acquire Proficium to strengthen position of ICT in Smarter Cities
Outlook 2019: ICT expects further growth in revenue and EBITDA in the second half of 2019 compared to the first half of 2019
Jos Blejie, CEO of ICT Group N.V.: “In the first half of 2019 ICT Group showed strong revenue growth, on the back of both acquisitions and robust organic growth. The latter was in particular driven by the strong demand in the High Tech and Automotive sectors. Moreover, with the international expansion, the growth in our nearshoring capabilities and the strengthening of our market position in Infra & Mobility, we are well underway in delivering on our strategic agenda. Our efforts are clearly valued by our business partners, as demonstrated by various awards we received from a number of our key partners in the past months.”
On 23 January 2019 ICT completed the acquisition of Additude. In line with ICT’s strategic direction to expand business into new geographies, ICT foresees Additude to become the platform for the Northern European market offering high-profile industrial technology consulting services. The integration of Additude is ongoing and on schedule. The first cross selling opportunities are being explored.
On 27 March 2019 ICT completed the purchase of 65% of the shares of BNV Mobility, one of the leading Smart Mobility Services firms in the Netherlands with a software MaaS solution. The remaining 35% shares have been acquired in July 2019. Acquiring BNV is a logical next step for ICT to accelerate its position in the Mobility as a Service (MaaS) market. ICT will continue to invest in the enhancements and expansion of the BNV developed MaaS system.
In June 2019 ICT signed a letter of intent to acquire 100% of the shares of Proficium, a fast growing company delivering consultancy services and secondment in the Public Infrastructure market. With this acquisition ICT will further strengthen its position in engineering and consultancy in Smarter Cities.
Furthermore, as agreed at the time of acquisition, ICT purchased the remaining 49% of the shares in BMA in June 2019. Following the acquisition of BMA as a whole, the various health activities within the ICT group will be integrated into one Healthcare Technology unit by the end of this year.
To further increase its nearshoring position in Bulgaria, ICT recently acquired Kodar, a start-up closely collaborating with the University of Plovdiv, thereby expanding its access to technical talents in the second largest city of Bulgaria.
At 30 June 2019, ICT Group employs 1,412 people (1,290 FTEs), around 10% higher than at year-end 2018. The acquisitions and successful recruitment campaigns worldwide have contributed to this growth. This also results in one of every two recruits being non-Dutch, evolving the total personnel profile into a more international mix of around 40% being non-Dutch.
Notes to the results
Performance ICT Group
In the first half of 2019 ICT Group’s revenue came in at € 79.8 million, up 31% compared to € 60.9 million reported in H1 2018. Organically revenue increased by 9%. This was mainly driven by strong demand in the High Tech and Automotive sector. This organic growth partly excludes InTraffic (acquired and consolidated in April 2018), Additude (acquired in January 2019 and consolidated as of February 2019) and BNV Mobility (acquired in March 2019 and consolidated as of April 2019).
Personnel costs increased significantly to € 46.4 million (H1 2018: € 37.4 million), primarily because of the increase in FTE’s and salary increases.
Other operating expenses increased from € 12.1 million in H1 2018 to € 13.0 million in the first half of 2019 (post-IFRS 16: € 10.6 million), mainly because of the recent acquisitions and additional outlays in new business development and recruitment. The costs related to strategic initiatives and the realisation of acquisitions and partnerships in H1 2019 was at a high level amounting to € 0.5 million (H1 2018:
€ 0.1 million). In 2018, following the acquisition of InTraffic, one-off costs of € 0.8 million were incurred as contract termination fees.
For the first six months of 2019 EBITDA increased to € 6.4 million (post-IFRS 16: € 8.8 million), compared to € 5.1 million in the comparable period in 2018. The EBITDA margin decreased to 8.0% (H1 2018: 8.3%).
IFRS 16 ‘Leases’ is effective as of 1 January 2019. Under this new IFRS standard an asset, which is the right to use the leased item, and a financial liability, being the present value of future lease payments to be made, are recognised. Consequently, IFRS 16 leads to a shift from operating lease costs to depreciation and amortisation and financial expenses. In H1 2019 IFRS 16 had an effect of € 2.4 million on EBITDA and an equal and opposite impact on depreciation and amortisation.
Performance per segment
Change in segmentation
Since 1 January 2019 ICT changed its reporting segments in line with the new reporting structure. The activities in the Netherlands are segmented along the end-markets: Engineering R&D, Industrial Automation (including Raster IA), Infra & Mobility (including InTraffic, BNV, and NedMobiel) and Healthcare Technology Solutions (including BMA). In addition, Bulgaria and Sweden are separate segments. The segment Other includes Improve, OrangeNXT, ICT Belgium, CIS Solutions, ICT Motar and holding costs.
In this segment, ICT is active in the R&D of the industrial sectors Automotive, High Tech and Machine Building.
In the first six months this segment benefited from the high demand in the Automotive industry. Despite this strong performance, we anticipate that the high growth levels will start levelling off in the second half of the year.
In the segment Industrial Automation Logistics & Transport, Industry and Outsourced services are the key markets for ICT. In the first half ICT divested Raster Products. Raster Industrial Automation remains part of the ICT Group.
The segment showed a strong performance, to which all units contributed. EBITDA increased significantly following improved productivity and project results. Furthermore Raster received the highest partnership award of Schneider Electric and was accepted at the Master Level of the Schneider Electric Alliance Program. Raster is one of only two European preferred partners within this Program.
Infra & Mobility
In the public domain ICT focuses on services around capital assets in the area of Water, Energy, Road and Rail infrastructure as well as Mobility. InTraffic is fully consolidated in this first half year and improved its margin to the ICT Group target level in the course of the first six months of 2019.
Although the addressable healthcare market stagnates, BMA’s performance improved compared to last year, driven by increased sales of foetal heart monitors. The integration of the different activities into one ICT Healthcare entity, aimed at strengthening the total Healthcare offering, started in the first half of the year and should be completed before the end of the year.
ICT’s nearshoring entity Strypes reported a considerable increase in revenue in the first six months of 2019. EBITDA grew at a somewhat lower pace due to one-off additional investments in sales and marketing and the costs related to the acquisition of Kodar. With the acquisition of Kodar, a start-up collaborating closely with the University of Plovdiv, ICT has expanded to the second largest city of Bulgaria.
With the acquisition of Additude in February this year, ICT expanded to Sweden. Additude continued its strong growth, in line with expectations. The tight labour market is impacting the margins as Additude hired a higher number of temporary staff than usual. The integration into the ICT Group is ongoing and on schedule. Cross selling opportunities are being exploited.
The segment ‘Other’ includes a number of small entities as well as the holding costs of the group. Improve performed in line with last year and was listed in the top 3 of best IT trainers in the Netherlands, published by Enigma Research. OrangeNXT, ICT’s Software as a Service engine, showed strong revenue growth over last year, driven by ICT’s proprietary products developed over the last few years. Furthermore, OrangeNXT was awarded Country Partner of the year 2019 by Microsoft Netherlands.
Other financial information
ICT has attributed a value to and is amortising several intangible assets, including order backlog, software and customer relations of its acquisitions. The amortisation for Additude in the first half of 2019 amounted to € 0.5 million. Total amortisation in the first half of 2019 (pre-IFRS) amounted to € 2.6 million (H1 2018: € 1.8 million). Depreciation (pre-IFRS) for the first half of 2019 amounted to € 0.7 million (H1 2018: € 0.5 million).
The result from associates amounted to a loss of € 0.3 million (H1 2018: € 0.2 million loss), mainly attributable to GreenFlux which is, as expected, still loss-making.
Financing expenses came in at € 0.5 million in the first six months of 2019, similar to the comparable period in 2018.
Taxes in the first half of 2019 amounted to € 0.5 million compared with € 0.7 million in the first half of 2018.
In the net profit for H1 2019 a one-off accounting gain of € 0.7 million was included as a result of the revaluation of ICT Group’s stake in GreenFlux following the second round of investment by other shareholders. The net profit in H1 2018 included one-off accounting gains of € 4.1 million in total, of which € 3.5 million was related to the revaluation of the 50% stake in InTraffic already held by ICT and € 0.6 million to the revaluation of ICT Group’s stake in GreenFlux.
Reported net profit for the first six months of 2019 came in at € 2.5 million (H1 2018: € 5.7 million). This translates into earnings per share of € 0.27 (H1 2018: € 0.59). The number of outstanding ordinary shares increased during the first half year 2019 to 9,565,010 (31 December 2018: 9,463,878) due to stock dividend. Excluding the one-off accounting gains as explained above the underlying net profit came in at € 1.9 million in H1 2019 compared to € 1.5 million in H1 2018, an increase of 24%.
Cash flow movement
In the first half of the year, net operational cash flow amounted to € 3.8 million positive (H1 2018: € 3.7 million positive).
The net cash position per 30 June 2019 was € 1.6 million positive (31 December 2018: € 6.2 million positive). This decrease was the balanced effect of the purchase price paid for acquisitions, new financing arranged for acquisitions, the repayments of existing acquisition financing, the payment of dividend, investments in product development and normal working capital patterns.
Balance sheet structure
At the end of the first half of 2019, shareholders’ equity stood at € 53.3 million (31 December 2018: € 53.3 million). The balance sheet total increased from € 95.6 million at year-end 2018 to € 126.8 million at 30 June 2019. The main impact were the acquisitions of Additude and BNV. In addition the implementation of IFRS 16 lease accounting caused a balance sheet increase of € 12.9 million (lease assets as well as obligations). Solvency (shareholders’ equity/total assets) stood at 43% at the end of June 2019 (57% at year-end 2018), still reflecting a sound financial basis.
ICT is fully focused on profitable growth and will continue to execute its buy-and-build strategy; combining healthy organic growth with selective acquisition opportunities. The employment market for IT talents remains very challenging. Attracting and retaining the right people is a top priority.
ICT is fully committed and confident in its ability to deliver on its long-term objective of increasing annual revenue to between € 200 and € 230 million by 2022, with a targeted EBITDA margin between 10 and 12%.
Barring unforeseen circumstances, ICT expects further growth in revenue and EBITDA in the second half of 2019 compared to the first half of 2019.
ICT Group N.V. (ICT) has signed a Letter of Intent to acquire 100% of the shares of Proficium B.V. (Proficium). Proficium is a fast growing company delivering consultancy services and secondment in the infra market. Its services include developing and deploying tooling and database applications. Proficium has over 20 employees and generates annual turnover of around € 3 million.
The acquisition of Proficium is in line with ICT’s buy-and-build strategy, combining healthy organic growth with selective acquisition opportunities. With the existing water & infrastructure activities of ICT Netherlands and the acquisitions of NedMobiel and InTraffic, ICT is already firmly positioned in the Dutch infra consultancy and engineering market. The specific skills of Proficium with regard to asset management and maintenance engineering further strengthen ICT’s position in this market.
Jos Blejie, CEO ICT: “Proficium is a well-respected supplier on the Dutch infrastructure market. As NedMobiel and Proficium have already successfully worked together on many projects, we believe that these companies have a perfect cultural fit. This acquisition enables ICT to further strengthen its position for engineering and consultancy in Smarter Cities”.
The transaction is expected to be closed in August 2019. Further financial details will not be disclosed.
Vandaag heeft Microsoft Nederland bekend gemaakt dat OrangeNXT uit duizenden partners gekozen is als “Country Partner van het jaar 2019”. Een grote eer en een geweldige prestatie. OrangeNXT Eindhoven, een snel groeiende spin-off van ICT Group N.V., heeft een focus: Klanten succesvol maken door slimme verbindingen te leggen tussen mensen, apparaten en data.
Microsoft benadrukt in haar berichtgeving dat OrangeNXT zich onderscheidt door haar expertise en zeer uitgebreide kennis van operationele technologie te combineren met de specifieke vraag van iedere klant. OrangeNXT levert state-of-the-art oplossingen om haar klanten te ondersteunen bij hun digitale transformatie. Hierbij combineert OrangeNXT haar kennis en de kennis van ICT Group in relevante domeinen zoals: Operationele Technology (OT) Industriële IoT, Artificiële Intelligentie, Machine Learning en automatisering van mobiele gebruikers. OrangeNXT levert Software as a Service gebaseerd op Microsoft Azure.
John Koot, Director Alliances: “We zijn ontzettend trots op het feit dat Microsoft OrangeNXT heeft gekozen als “Country Partner van het jaar 2019”. Onze kracht ligt in het feit dat wij onze klanten kunnen helpen hun bedrijf digitaal te transformeren. Bij OrangeNXT streven wij er altijd naar ultieme klanttevredenheid. Dit bereiken wij door zeer intensief met hen samen te werken. Wij worden hierbij op het gebied van co-creatie, verkoop en marketing ondersteund door Microsoft. De toekenning van deze prijs bevestigt ons dat wij op de goede weg zijn.”
ICT Group N.V. (ICT) announces that the Annual General Meeting of Shareholders (AGM), which was held today, adopted all proposed resolutions. This included the appointment of Mr. Wouter van de Bunt and Mrs. Angélique de Vries-Schipperijn, and the reappointment of Mr. Theo van der Raadt, as members of the Supervisory Board of ICT Group.
In line with the proposal, the AGM approved a dividend of € 0.38 per share for the 2018 financial year. The dividend will be payable, in cash or in shares, on 5 June 2019. ICT will determine the dividend payment in shares one day after the end of the optional period on the basis of the average price of ICT shares during the last five trading days of the optional period, which shall end on 3 June 2019. The ex-dividend date is 17 May 2019.
/ / / / / /
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. Approximately 1400 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 (ICT Belgium BVBA), Additude Sweden (Additude AB), CIS Germany 66% (CIS Solutions GmbH), Strypes Bulgaria (Strypes EOOD), InTraffic B.V., Raster (Raster Industriele Automatisering B.V.), Improve (Improve Quality Services B.V.), NedMobiel B.V., OrangeNXT B.V., BMA (Buro Medische Automatisering B.V.) and BNV 65% (BNV Mobility).
For further information:
Carla Stuifzand, marketing director
+31 (0)88 908 2000
E-mail: email@example.com www.ict.eu
This press release contains information that qualifies as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation
HMS Industrial Networks AB, a wholly owned subsidiary of HMS Networks AB, located in Halmstad, Sweden, has today acquired all shares in Raster Products B.V. from Raster Beheer B.V., an ICT Group company. For several years Raster Products has been HMS’ primary distributor of Ewon products in the Netherlands. Raster Industrial Automation remains a subsidiary of ICT Group.
Revenue in Q1 2019 up 37% to € 39.4 million (Q1 2018: € 28.7 million)
Organic revenue growth of 9%
Reported EBITDA Q1 2019 amounted to € 4.8 million (post-IFRS 16).
Underlying EBITDA increased 20% to € 3.6 million (Q1 2018: € 3.1 million)
Acquisition of Additude completed; international expansion through acquisition in Sweden
Acquisition of BNV Mobility completed; strengthens position in Mobility as a Service market
ICT reiterates its outlook of further revenue and EBITDA growth for 2019 compared to 2018
Jos Blejie, CEO of ICT Group N.V.:“I am pleased with how we started 2019, posting a strong revenue and EBITDA growth, to which our acquisitions, InTraffic and most recent Addittude, greatly contributed. But also organically we showed a solid performance. We benefited from strong demand in the High Tech and Automotive sector but there are indications that this will level off in the course of the year.”
Revenue increased to € 39.4 million in the first quarter of 2019, compared to € 28.7 million in the first quarter of 2018. Organically, excluding InTraffic (acquired in April 2018) and Additude (acquired in January 2019, consolidated as of February 2019), revenue was up 9%. Organic growth was positively impacted by strong demand in the High Tech and Automotive sector. This is expected to level off in the course of the year.
ICT Netherlands continued its solid performance, with good productivity levels. Strypes Bulgaria and InTraffic both showed improved results over last year. In the segment Other Raster was more or less in line with last year and Improve showed increased results.
Underlying EBITDA, pre-IFRS 16 and excluding the one-off accounting gain increased to € 3.6 million, compared to € 3.0 million in the same period in 2018. Acquisition costs increased from € 0.1 million in the first quarter of 2018 to € 0.5 million in the first quarter of 2019. The underlying EBITDA margin came in at 9.1%. Excluding acquisition costs the margin came in at 10.4%, in line with the first quarter of 2018 (10.3%).
IFRS 16 ‘Leases’ is effective as of 1 January 2019. Under this new IFRS standard an asset, which is the right to use the leased item, and a financial liability, being the present value of future lease payments to be made, are recognised. Additionally, IFRS 16 leads to a shift from operating lease costs to depreciation and amortisation and financial expenses. In Q1 2019 IFRS 16 had a positive impact on EBITDA of € 1.2 million.
ICT has made clear choices in terms of growth. ICT focuses on the themes Smarter Industries, Smarter Cities and Smarter Health. Within these themes ICT delivers the highest added value to its customers.
Smarter Cities showed considerable growth, mainly driven by the acquisition of the remaining 50% stake in InTraffic. In Smarter Industries both the acquisition of Additude (contributing for two months) as well as strong demand in the Automotive sector contributed to the significant growth. The revenue decline in Smarter Health results from flat revenue development at BMA and lower rates in the ICT Healthcare unit.
On 21 January 2019 ICT completed the acquisition of Additude. In line with ICT’s strategic direction to expand business into new geographies, ICT foresees Additude to become the platform for the Northern European market offering high-profile industrial technology consulting services.
On 26 March 2019 ICT completed the purchase of 65% of the shares of BNV Mobility, one of the leading Smart Mobility Services firms in the Netherlands. Acquiring the majority of the shares of BNV is a logical next step for ICT to accelerate its position in the Mobility as a Service (MaaS) market. BNV Mobility will be consolidated as from April 2019.
ICT’s management reiterates the outlook given at the announcement of the annual results in March.
ICT is fully focused on profitable growth and will continue to execute its buy-and-build strategy; combining healthy organic growth with selective acquisition opportunities. The employment market for IT talents remains very challenging. Attracting and retaining the right people is a top priority.
ICT is fully committed and confident in its ability to deliver on its long-term objective of increasing annual revenue to € 200 to € 230 million by 2022, while maintaining an EBITDA margin between 10 and 12%. For 2019 ICT expects further revenue and EBITDA growth.
Annual report 2018 and convocation for AGM published
ICT Group N.V. (ICT) will propose to the 2019 Annual General Meeting (AGM), to be held on 15 May 2019, to appoint Angélique de Vries-Schipperijn to the Supervisory Board. This proposal to appoint a fifth member to the Supervisory Board follows the proposed nomination of Mr. Van de Bunt for appointment as member of the Supervisory Board and the proposed re-appointment for a two year period of Mr. Van der Raadt, chairman of the Supervisory Board, as announced at the beginning of December 2018.
Mrs. De Vries-Schipperijn (1968) is Senior Vice President at SAP, leading the Global Presales and Solution Experience. Previously she has held a number of other positions at SAP, including Managing Director SAP Nederland B.V. Prior to joining SAP in 1994 she held various positions at Dow Chemicals.
Theo van der Raadt, chairman of the Supervisory Board of ICT Group: “We are pleased to nominate Mrs. De Vries-Schipperijn. Her broad and in-depth knowledge and experience in the field of strategic and technological developments in the technology areas relevant to ICT Group will be of great value to the company”
Shareholders will be asked to approve expansion of the Supervisory Board to five members. ICT believes that the Supervisory Board will benefit from a fifth member to ensure a sufficient continuity in the Supervisory Board as two of the four members will be stepping down in the coming two years.
Mrs. De Vries-Schipperijn will be nominated for appointment for a period of four years until the AGM in 2023. All nominations will be made under the condition that the general meeting does not make use of its right of recommendation. After the (re-)appointments, ICT Group’s Supervisory Board will, effective 15 May 2019, consist of the following members: Theo van der Raadt (Chairman), Deepak Luthra, Gina van der Werf, Wouter van de Bunt and Angélique de Vries-Schipperijn.
As of today, the ICT Group annual report 2018 is available on the website. Furthermore, the convocation for the Annual General Meeting of Shareholders (AGM), including the agenda and the accompanying explanatory notes, have been published on the website (https://ict.eu/about-us/investor-relations/agm/).
The Annual General Meeting of Shareholders will take place on 15 May 2019, 10:30 CET at Novotel Rotterdam, K.P. van der Mandelelaan 150, Rotterdam.
Today ICT Group (ICT) announced its intent to acquire 65% of the shares of BNV Mobility (BNV). ICT aims to make BNV’s platform TURNN the Mobility as a Service (MaaS) solution of ICT Group. MaaS is about providing a seamless travelling experience using all mobility means possible based on real-time information. Travelling time, comfort and costs are optimized based on individual needs.
Acquiring the majority of the shares of BNV will be a logical next step for ICT to accelerate its position in the MaaS market. Within the ICT group, InTraffic is the leading company on travel information systems for public transport, NedMobiel has extensive capabilities and experience in comparable mobility projects in the Dutch market and ICT has the platform knowledge. BNV is one of the leading B2G and B2B Smart Mobility Services firms in the Netherlands. As an experienced mobility provider with a unique know how in behavioral changes of commuters, BNV has been recognised by the Dutch government as a MaaS institute. The full breath of capabilities within ICT Group combined with the specific position of BNV will enable ICT to successfully deliver the MaaS service to the Dutch market and at a later stage to other European Countries.
Jos Blejie, CEO ICT Group: “We are impressed by the current TURNN solution technology of BNV. The specific position of BNV in combination with the use of leading-edge technologies and the power of ICT Group in the Dutch market makes a new combination undoubtfully successful.
MaaS is a new market, but we are convinced it will develop to a sizable market, driven by global issues like city density and pollution. MaaS is one of our strategic themes. This step will strengthen our position as frontrunner and create a dominant position from the start.”
Rehu de Bruijn, CEO BNV Mobility: “We are thrilled to become part of this group as it opens up opportunities of growth acceleration on the platform capabilities through ICT Group’s competence centers and resources, for example in artificial intelligence, machine learning and in-depth knowledge of a broad range of mobility operations. At the same time the access to ICT Group’s business and partner network will help boost our sales and marketing efforts and hence significantly grow our customer base.”
ICT’s strategy is to become a successful European technology solution provider offering time hire services, delivering fixed price projects and software as a service to internationally operating companies and governmental institutes. As part of this strategy ICT Group is looking specifically for a MaaS offering in the Netherlands. The other main shareholder in BNV is Egis, a French group with international activities in transport and mobility services. ICT is convinced that this strategic alliance between Egis and ICT Group shall accelerate the strategic (inter)national MaaS ambitions.
Advertising and Social Media cookies collect information about activities of individual users. This allows third parties to display personalised adverts to you and to allow you the option to share content from this site to Social Media platforms.
By continuing to use this website you are allowing us to place these cookies. The Cookie Settings voor de ICT Group website can be changed or revoked at any time. You can reach the settings through the Cookie Settings button as well as through the link in the footer of every page on this site.