ICT Group acquires remaining 49% in ICT Mobile – Software propositions consolidated in new entity OrangeNXT

ICT Group N.V. (ICT) announces that it has acquired the remaining 49% of the shares of ICT Mobile B.V. (ICT Mobile) from management. The software solutions of ICT Mobile together with software solutions of other business units within ICT Netherlands will be consolidated into a new entity, OrangeNXT (www.orangenxt.com), to distinct software offerings from the traditional time hire and project activities within ICT.

OrangeNXT focuses on ready to use software solutions, offered as Software as a Service. The plug-and-play cloud platform that connects people, devices and data consists of three solutions. ConNXT provides asset management and predictive maintenance solutions. MobileNXT delivers real-time tracking and tracing support for field service engineers, logistics staff, parcel delivery services and auditors. DigitalNXT helps companies to accelerate their digital transformation. The solutions of OrangeNXT are aimed at the smarter cities and smarter industries segments and cover many industries, from water management to logistics and transportation.

ICT Mobile was established as a start-up in 2016 together with the current management, Huub van der Linden and Jeroen Donkers. Both have a long track record in the Enterprise Mobility market, and will stay on board to lead OrangeNXT, together with director Alliances John Koot. The purchase consideration will be paid in cash. Further financial details will not be disclosed.

Press release: Half Year Results 2018 ICT Group

FIRST HALF YEAR 2018: SOLID PERFORMANCE

– Growth momentum maintained –

Highlights H1 2018

  • Revenue increased 20% to € 60.9 million, 5% organic growth
  • Underlying EBITDA up 9% to € 5.8 million (H1 2017: € 5.3 million). Including one-off costs related to the contract termination fees at InTraffic (€ 0.8 million), EBITDA was € 5.1 million
  • Net profit came in at € 5.7 million (H1 2017: € 2.6 million), including one-off accounting gains of
    € 4.1 million related to the acquisition of InTraffic and the revaluation of ICT’s stake in GreenFlux
  • Acquisitions of InTraffic and NedMobiel completed
  • Outlook 2018: ICT expects further growth in revenue and EBITDA in the second half of 2018 compared to the first half of 2018

Key figures

Jos Blejie, CEO of ICT Group N.V.:
“ICT Group continues its growth momentum and achieved revenue and EBITDA growth. This growth is supported by favourable market conditions and driven by the right strategic actions, positioning the company higher in the value chain. Our recent acquisitions NedMobiel and InTraffic further strengthened our offering in Smarter Cities, allowing us to serve any client in the field of mobility and infrastructure. Having achieved leading positions in Smarter Cities and Smarter Industries, our focus will now shift to strengthening our position in Smarter Health in the coming periods. Moreover, we cautiously look for international expansion in our traditional Industrial activities. Our key challenge remains attracting and retaining professionals, while keeping salary increases in balance with tariffs.”

Strategy update

In January 2018 ICT completed the purchase of 100% of the shares of NedMobiel B.V., a Dutch expert consultancy company for complex infrastructures. With some 25 professionals, NedMobiel has approximately € 3 million revenues. 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 consulting services.

ICT completed the acquisition of the remaining 50% of the shares of InTraffic B.V. ICT now holds 100% of the shares of InTraffic. The acquisition of InTraffic enables ICT to further expand its position in the strategic ‘Smarter Cities’ theme. Together with the recent NedMobiel acquisition and the unit Water and Infrastructure ICT is now able to fully service Water, Rail and Road infrastructures and mobility.

InTraffic’s current margin is below ICT Group’s target margin range. In cooperation and integration, the focus will be on increasing efficiency. The objective is to bring InTraffic’s margins more in line with ICT’s overall margins. 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 annual turnover of approximately € 19 million.

Notes to the results

Performance ICT Group
In the first half year of 2018 ICT Group’s revenue came in at € 60.9 million, up 20% compared to € 50.7 million reported in H1 2017. The revenue growth showed a consistent trend. Organically, excluding the contribution of HTS, NedMobiel and three months full consolidation of InTraffic, revenue increased by 5%. This was mainly driven by the good performance of ICT Netherlands where project activities, especially in the area of Automotive and Water & Infra, increased substantially.

Strategic themes

ICT’s growth strategy focuses on the themes Smarter Industries, Smarter Cities and Smarter Health. Within these themes, ICT delivers added value to its customers. All underlying markets benefited from good market circumstances and have shown growth in the first half of 2018. Smarter Cities nearly doubled, due to the acquisitions of NedMobiel and InTraffic’s remaining 50% stake. Organically Smarter Cities realised 17% growth. The declining revenue in Smarter Health is a result of a delay in the delivery of foetal heart monitors at BMA and lower productivity in the ICT Healthcare unit.

Personnel costs increased significantly to € 37.4 million (H1 2017: € 31.0 million), primarily because of an increase in number of employees and salary increases.

Other operating expenses also increased to € 12.1 million (H1 2017: € 8.9 million), mainly because of the recent acquisitions. The investment levels in H1 2018 increased compared to the first half of 2017. ICT continued its increased outlays in recruitment and education. The costs related to strategic initiatives and the realisation of acquisitions and partnerships amounted to € 0.2 million (H1 2017:
€ 0.1 million). Furthermore, following the acquisition of InTraffic, one-off costs of € 0.8 million were incurred as contract termination fees. Other operating expenses also included one-off costs of € 0.4 million related to the 40-year anniversary of the company and start-up costs of € 0.2 million for ICT Belgium BVBA.
Underlying EBITDA for the first six months of 2018 increased to € 5.8 million, compared to € 5.3 million in the comparable period in 2017. Including the one-off costs of € 0.8 million related to the contract termination fees at InTraffic, EBITDA decreased by 5% compared to the same period last year.

The underlying EBITDA margin decreased from 10.5% in H1 2017 to 9.5% in H1 2018. This decrease in the underlying EBITDA margin is the balanced effect of a good performance at ICT Netherlands, the substantially lower EBITDA margins at InTraffic and lower results at Raster and BMA.

Performance per segment

ICT Netherlands showed a strong performance in the first half of 2018. Revenue increased 13% to
€ 44.4 million in H1 2018 from € 39.3 million in the same period last year. The increase is the result of positive market circumstances and firm recruitment efforts which led to more FTE’s and increased productivity. Organically, revenue was up approximately 9%. EBITDA increased 31% from € 3.6 million in the first half of 2017 to € 4.7 million in H1 2018. As a result of more project activities, licences and materials sales grew significantly compared with last year.

Strypes Bulgaria (“ICT Nearshoring”) reported an increase in revenue from € 4.6 million in H1 2017 to € 4.8 million in the first six months of 2018. The investments in the organisation, mainly in quality improvement are ongoing. This resulted in an operational margin at the same level as in the first half of 2017. EBITDA came in at € 0.9 million in H1 2018 (H1 2017: € 0.9 million).

InTraffic is consolidated as of 1 April 2018 and contributed revenue of € 4.4 million in the second quarter. EBITDA included one-off costs of € 0.8 million, resulting from contract termination fees and amounted to a loss of € 0.6 million.

The segment ‘Other’ recorded revenues of € 9.1 million (H1 2017: € 7.4 million). The market for Improve was positive and the company performed in line with the first six months of 2017. For Raster the challenging market conditions in the oil and gas sector continued, which negatively impacted the company’s performance. BMA performed less compared with last year mainly due to a delay in the delivery of foetal heart monitors. NedMobiel performed in line with expectations and realised margins in line with ICT Group’s target margins in the first half of 2018.

Other financial information

Amortisation and depreciation
ICT has attributed a value to and is amortising several intangible assets, including order backlog, software and customer relations of its recent acquisitions. The amortisation for InTraffic and NedMobiel in the first half of 2018 amounted to € 0.4 million. Total amortisation in the first half of 2018 amounted to € 1.8 million (H1 2017: € 1.2 million). Depreciation for the first half of 2018 amounted to
€ 0.5 million (H1 2017: € 0.5 million).

The operating profit amounted to € 2.8 million in H1 2018 (H1 2017: € 3.7 million). As a result of lower EBITDA and higher amortization, the operating margin decreased to 4.6%, compared to H1 2017 (7.2%).

Results from joint ventures and associates
InTraffic was still reported as a joint venture in the first quarter of 2018. The results in Q1 2018 were in line with Q1 2017. The result from associates amounted to a loss of € 0.2 million (H1 2017: € 0.2 million loss), mainly attributable to GreenFlux. LogicNets achieved a break-even result in the first half of the year. CIS Solutions (Germany) developed in line with plan which resulted in a small loss in the first half of 2018.

Financing expenses increased to € 0.5 million in the first six months of 2018, from € 0.3 million in the comparable period in 2017, as a result of increased financing for the recent acquisitions and a loss on the devaluation of loans to Valuemaat that filed for bankruptcy in the first half of 2018 (€ 0.2 million).

Taxes in the first half of 2018 amounted to € 0.7 million compared with € 0.7 million in the first half of 2017.

One-off accounting gains
As a result of the acquisition of the remaining 50% in InTraffic, ICT had to recognize a one-off accounting gain of € 3.5 million, related to the revaluation of the 50% stake in InTraffic already held by ICT.

Following the investment by new shareholders in GreenFlux, ICT’s stake dilutes from 24.49% to 19.57%. As a result of the revaluation of its stake in GreenFlux, ICT realized a one-off accounting gain of € 0.6 million.

The impact of step up accounting and purchase price allocation of both transactions is explained in detail in the notes to the interim financial statements.

Net profit for the first six months of 2018 increased to € 5.7 million, compared with € 2.6 million in H1 2017. An amount of € 5.6 million is attributable to the shareholders of ICT Group N.V. (H1 2017:
€ 2.5 million). This translates into earnings per share of € 0.59 (H1 2017: € 0.27). The number of outstanding ordinary shares increased during the first half year 2018 to 9,463,878 (31 December 2017: 9,411,301) due to stock dividend.

Cash flow movement

In the first half of the year, net operational cash flow amounted to € 3.7 million positive (H1 2017: € 0.5 million negative). The net cash position per 30 June 2018 was € 2.0 million positive (31 December 2017: € 6.3 million positive). This decrease was the balanced effect of the purchase price paid for acquisitions, new financing arranged for these acquisitions, the repayments of existing acquisition financing, the payment of dividend, investments in housing facilities, and normal working capital patterns.

Balance sheet structure

In the first half of 2018, shareholders’ equity increased to € 50.4 million (31 December 2017: € 47.7 million) mainly as a result of the net effect of net profit of € 5.7 million and dividend paid of € 2.4 million. The balance sheet total increased from € 81.6 million at year-end 2017 to € 95.3 million at 30 June 2018, as a result of the acquisition of InTraffic and NedMobiel. Solvency (shareholders’ equity/total assets) stood at 52.8% at the end of June 2018 (58% at year-end 2017).

Personnel

At 30 June 2018, ICT Group employs 1,199 people (1,148 FTEs), around 16% higher than at year-end 2017. The acquisitions of InTraffic and NedMobiel and ongoing recruitment efforts contributed to this increase.

Outlook

ICT will continue to focus on growth, organically as well as through acquisitions. With the full consolidation of InTraffic and the acquisition of NedMobiel the company increased its size in Smarter Cities. Increasing its size in Smarter Health remains a focus point for the company. ICT will continue to be disciplined and cautious in its acquisition strategy.

ICT expects its capital expenditures and research & development expenditures to increase in 2018, in line with the increased scale of the company. ICT invests in creating a strong platform to bring the transformation into a total solution provider to the next level. The battle for talent continues and attracting and retaining the right people remains to be one of our key priorities.

Based on the above, ICT expects further growth in revenue and EBITDA in the second half of 2018 compared to the first half of 2018.

Click here to download the Annex of the Condensed consolidated interim financial statements of 30 June 2018

ICT Group gaat automatisering vijftien rioolwaterzuiveringen vervangen

Roy Jansen (COO ICT Group) en Joost de Ruig (directeur water HNK)

Hoogheemraadschap Hollands Noorderkwartier (HHNK) gunt het vervangen van de procesautomatisering van vijftien rioolwaterzuiveringsinstallaties (RWZI’s) aan ICT Group. HHNK koos voor ICT Group vanwege de uitstekende verhouding tussen prijs en kwaliteit.

Het huidige automatiseringssysteem van de rwzi’s van HHNK is vijftien tot twintig jaar oud, is gedateerd en dient om meerdere redenen vervangen te worden.

Gefaseerde aanpak
Een belangrijke taak van Hoogheemraadschap Hollands Noorderkwartier (HHNK) is het transporteren en zuiveren van afvalwater. Dit wordt gedaan met behulp van rioolgemalen, rioolwaterzuiveringsinstallaties en een SlibDroogInstallatie (SDI). Met deze opdracht worden  procesinstallaties van HHNK voor de rwzi’s gefaseerd in vijf jaar tijd vervangen.

Voordelen
Een nieuw ICT-systeem biedt meerdere voordelen. Het maakt het ook makkelijker om op verschillende doelen te sturen. Denk bijvoorbeeld aan het besparen van energie terwijl het zuiveringsrendement hoog blijft. Een nieuw systeem kan ook makkelijker met andere systemen communiceren zoals onder meer peilgemalen of de rioolgemalen van HHNK en de gemeenten.

Klaar voor de toekomst
HHNK oordeelde dat ICT Group de projectaanpak, de cybersecurity en informatievoorziening goed op orde heeft. Het waterschap toonde ook veel waardering voor de uitgebreide beschrijving van de test- en calamiteiten procedure, ombouwplan en het gegeven dat ICT Group zonder voorbehoud kan voldoen aan de gevraagde performance eisen.

Trots
Jos Blejie, CEO ICT Group is trots dat ICT Group de opdracht heeft gekregen. “Als totaalleverancier van technologie en diensten heeft ICT een sterke positie in de watermarkt. Wij leveren altijd de hoogst haalbare toegevoegde waarde aan onze klanten.”

ICT Group op Wonderware Benelux Knowledge Exchange

Tijdens het jaarlijks evenement ‘Wonderware Knowledge Exchange’is ook ICT Group aanwezig als sponsor en met een tafelpresentatie. Ontmoet op deze dag onze collega’s Bas Hazewinkel, Martin Bijl, Leendert Mijnders en Alvin Riemersma.

Tijdens deze dag projecteert Wonderware dit jaar de nieuwste Wonderware software releases en ontwikkelingen binnen de industrie en infrastructuur letterlijk op het witte doek. Dit doen zij onder andere aan de hand van praktijkcases die gepresenteerd gaan worden door zowel system integrators als eindgebruikers.

Lees hier meer over het evenement.

 

Q1 2018 results: organic growth trend continued

Key developments:

  • Revenue in Q1 up 12% to € 28.7 million (Q1 2017: € 25.6 million)
  • Organic revenue increase of 6%
  • EBITDA amounted to € 6.5 million, including a one-off accounting gain of
    approx. € 3.5 million
  • Underlying EBITDA increased to € 3.0 million (Q1 2017: € 2.8 million).
  • Acquisition of NedMobiel and remaining 50% stake in InTraffic completed

Key figures

(in € millions) Q1 2018 Q1 2017 Δ
Revenue 28.7 25.6 12%
EBITDA* 6.5 2.8
Underlying EBITDA 3.0 2.8 6%

* including a one-off gain of approx. € 3.5 million. This one-off accounting gain is the result of the acquisition of the remaining 50% stake in InTraffic.

Jos Blejie, CEO of ICT Group N.V.: “In the first quarter of 2018 results were in line with expectations, with a good performance of ICT Netherlands. One of the highlights of the first quarter was acquiring full ownership of InTraffic. As wholly owned subsidiary, InTraffic substantially strengthens our position in Smarter Cities from Q2 onwards. We will continue to focus on the further execution of our strategy, aimed at organic growth combined with add-on acquisitions. Considering the performance in this first quarter and the continued positive market trends, we reiterate that we expect a further growth in both revenue and EBITDA for the full year 2018 compared to 2017.”

Financial developments

Revenue increased to € 28.7 million in the first quarter of 2018, compared to € 25.6 million in the first quarter of 2017. Organically, excluding High Tech Solutions (acquired in June 2017) and NedMobiel, revenue grew 6%. InTraffic is consolidated as of 1 April 2018. In the first quarter, InTraffic is still reported as a joint venture.

ICT Netherlands performed well, showing good productivity levels, except for the Healthcare unit, for which a large project ended in 2017. The results of Strypes Bulgaria are somewhat behind compared to last year due to slightly lower productivity in combination with ongoing outlays in quality improvement. In the segment ‘Other’, Raster is experiencing a lack of larger new projects, which is reflected in its results. We anticipate that the challenging Oil & Gas market circumstances will continue in the next two quarters.

EBITDA, excluding the one-off accounting gain, increased to € 3.0 million in the first quarter, compared to € 2.8 million in the same period of 2017.

Strategic themes

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. Due to the acquisition of NedMobiel, Smarter Cities realised considerable growth. The declining revenue in Smarter Health is a result of flat revenue development at BMA and lower productivity in the ICT Healthcare unit.

Revenue split per theme (in € millions) Q1 2018 Q1 2017 Δ
Smarter Industries 18.8 17.4 +8%
Smarter Cities 5.7 4.1 +41%
Smarter Health 2.2 2.5> -11%
Other 2.0 1.6 +22%
Total revenue 28.7 25.6 +12%

InTraffic

On 21 March 2018 ICT completed the acquisition of the remaining 50% of the shares of InTraffic B.V. from former joint venture partner Movares Group B.V. ICT now holds 100% of the shares of InTraffic. The acquisition resulted in a one-off accounting gain of approximately € 3.5 million, mainly related to the revaluation of the 50% stake in InTraffic already held by ICT. Except for the one-off gain, InTraffic is still reported as a joint venture in the first quarter of 2018. The impact of step up accounting and purchase price allocation will be disclosed upon publication of the 2018 half year results.

NedMobiel

In January 2018 ICT completed the purchase of 100% of the shares of NedMobiel B.V., a Dutch expert consultancy company for complex infrastructures. 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 consulting services.

Outlook

ICT’s management reiterates the outlook given at the announcement of the annual results in March. ICT will continue to focus on growth, preferably organically as well as through acquisitions. The focus in 2018 is on increasing the company’s size in Smarter Cities and Smarter Health. ICT will continue to be disciplined and cautious in its acquisition strategy.

ICT expects its capital expenditures and research & development expenditures to increase in 2018, in line with the increased scale of the company. With these investments ICT creates the right conditions to take additional steps in our transformation into a total solution provider. The battle for talent continues and attracting and retaining the right people remains to be one of our key priorities.

Based on the above, ICT expects a further growth in revenue and EBITDA in 2018 compared to 2017.

ICT completes acquisition remaining 50% stake in InTraffic

ICT Group N.V. (ICT) announces that it has completed the purchase of the remaining 50% of the shares of InTraffic B.V. (InTraffic) from former joint venture partner Movares Group B.V. (Movares). ICT now holds 100% of the shares of InTraffic.

The acquisition of InTraffic enables ICT to further expand its position in the strategic ‘Smarter Cities’ theme. It also supports ICT’s strategic objective to become a leading total solutions provider.

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 annual turnover of approximately € 19 million.

InTraffic will be fully consolidated as from 22 March 2018, while ICT’s former 50% stake used to be 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.

Stichting HIV Monitoring neemt slim datasysteem van ICT Group in gebruik

Datasysteem op basis van LogicNets draagt bij aan efficiëntere monitoring van hiv

Stichting HIV Monitoring (SHM) heeft op maandag 5 februari 2018 een nieuw, slim data-invoer- en opslagsysteem in gebruik genomen. SHM bouwde de zogeheten DataCapTree met LogicNets Medical Decision Framework, de beslissingsondersteuningsoplossing van ICT Group.

DataCapTree verzamelt gepseudonimiseerde medische gegevens van hiv-patiënten. Deze worden door de stichting gebruikt voor de monitoring van het ziektebeloop en de effectiviteit van de behandeling van hiv. Het jaarlijkse ‘Monitoring Report’ van SHM kan voor NVHB (Nederlandse Vereniging van hiv Behandelaren) aanleiding geven om de behandelrichtlijnen aan te passen. Sima Zaheri, adjunct-directeur van SHM is blij met de ingebruikname: ‘Door het systeem verbetert de kwaliteit van onze data en dus van onze monitoring. Daarmee hopen we een nog grotere bijdrage te leveren aan betere zorg voor hiv-patiënten.’

Dataverzamelaars van Stichting HIV Monitoring worden middels een vooraf gedefinieerd protocol op de juiste wijze stap voor stap door het invoerproces geleid. ‘In ons oude systeem zaten deze stappen in de hoofden van onze dataverzamelaars. De grote afhankelijkheid van de dataverzamelaar maakte het systeem gevoelig voor interpretatieverschillen en fouten. Kwaliteitscontroles kostten daardoor veel tijd’, legt Sima Zaheri het verschil met het nieuwe systeem uit. ‘Ons nieuwe systeem op basis van LogicNets ondersteunt de dataverzamelaar op een slimme manier. Het leidt hen gestructureerd door het proces. Daarnaast geeft het een waarschuwing wanneer invoerwaarden ontbreken of onjuist zijn; het systeem denkt dus met de dataverzamelaars mee.’

Na uitgebreid marktonderzoek koos SHM in mei 2016 voor de LogicNets-oplossing van ICT Group. Doorslaggevend waren de moduleerbaarheid van de protocollen, de beslisondersteuning, integratiemogelijkheden met andere software en de flexibiliteit. Zaheri: ‘We wilden niet te vaak van systeem hoeven te veranderen, want we zijn een kleine stichting en zulke ingrepen vragen een grote investering. Met DataCapTree zijn we klaar voor de toekomst.’ Het komende half jaar ligt de prioriteit van de stichting op het verder uitrollen en finetunen van het systeem. SHM heeft op langere termijn de ambitie om te experimenteren met geautomatiseerde data-invoer.

Stichting HIV Monitoring (SHM) is in 2001 opgericht en is door het Ministerie van Volksgezondheid, Welzijn en Sport aangewezen als de instantie die de registratie en monitoring van mensen met hiv in Nederland. SHM streeft naar het volledig in kaart brengen van de hiv-epidemie in Nederland om daarmee een bijdrage te leveren aan de kennis over hiv. In samenwerking met alle hiv-behandelcentra in het land heeft SHM een solide raamwerk opgezet om gegevens over hiv systematisch te verzamelen en de langetermijn follow-up van alle geregistreerde mensen vast te leggen. Nederland is het enige land ter wereld met een dergelijke registratie, wat zorgverleners in staat stelt de hoogst mogelijke kwaliteit van hiv-zorg na te streven.

Naast de nationale rapportages beschikken zorgverleners ook over centrum-specifieke rapportages om de door hen verleende zorg te monitoren en verder te optimaliseren. Daarnaast worden SHM-data ook op verzoek beschikbaar gesteld voor hiv-gerelateerd onderzoek binnen en buiten Nederland. Uitkomsten van SHM’s onderzoek en internationale samenwerkingen leveren tastbare bijdragen aan hiv-behandelrichtlijnen en leiden tot verbetering van de hiv-zorg in Nederland.

ICT Group wil overige 50% aandelen in InTraffic overnemen van joint-venturepartner Movares

Vertaling van Engelse versie. Engelse versie is leidend.

Als 100%-dochteronderneming gaat InTraffic de positie van ICT in Smarter Cities versterken

ICT Group N.V. (ICT) kondigt vandaag de ondertekening aan van de intentieverklaring tot overname van de resterende 50% aandelen in InTraffic B.V. (InTraffic) die nu nog in bezit zijn van joint-venturepartner Movares Group B.V. (Movares). Na de overname bezit ICT 100% van de aandelen van InTraffic. Met de volledige overname van InTraffic versterkt ICT zijn positie in het strategische thema ‘Smarter Cities’.

InTraffic, dat gevestigd is in Nieuwegein, ontwerpt en bouwt applicaties voor Traffic Management, Infrastructure Monitoring en Travel Information. De onderneming werd opgericht in 2003 als een joint venture van ICT en ingenieursbureau Movares. Met 150 professionals genereert InTraffic een jaaromzet van ongeveer € 19 miljoen.

Jos Blejie, CEO van ICT Group: “Ik ben ervan overtuigd dat deze transactie goed is voor zowel InTraffic als ICT. InTraffic sluit perfect aan bij onze strategie voor Smarter Cities. Door onze krachten te bundelen kunnen we onze positie versterken en onze innovatie en productontwikkeling op het gebied van railinfrastructuur en mobiliteit verder verbeteren. Na 15 jaar nauwe samenwerking met onze joint-venturepartner Movares op het gebied van openbaar vervoer ben ik zeer verheugd over ons streven om InTraffic onderdeel te maken van ICT.”

Sander Eijgenraam, CEO van Movares: “ICT heeft al bijna 15 jaar een strategisch samenwerkingsverband met InTraffic. In die jaren is de rol van IT bij railinfrastructuur en mobiliteit sterk veranderd. Door die verandering is InTraffic nu voor Movares van minder strategisch belang voor onze kernactiviteiten als consultants en ingenieurs. Na afronding van de transactie zullen Movares en InTraffic de samenwerking bij ProRail als belangrijkste klant van beide partijen voortzetten.”

Bert van Elburg, CEO van InTraffic: “We kijken uit naar de volledige overname door ICT Group. Ik denk dat deze transactie voordelen met zich meebrengt voor de werknemers en de klanten van InTraffic. De combinatie van de sterke positie van InTraffic in mobiliteit en railinfrastructuur en die van ICT in openbare infrastructuur heeft een positief effect op beide partijen en zal de positie verder versterken.”

Naar verwachting zal de transactie eind maart 2018 worden afgerond. Vanaf dat moment wordt InTraffic volledig geconsolideerd. Het huidige belang van 50% van ICT zal worden gerapporteerd als resultaat uit joint ventures. De koopsom voor de 50% van de aandelen wordt betaald in cash. Er worden geen nadere financiële details over deze transactie bekendgemaakt.

ICT Group completes acquisition of NedMobiel

Only available in English

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 nominates Gina van der Werf for appointment to the Supervisory Board

Only available in English

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.