AE Arma Elektropanç, with over 1,200 employees and €90 million turnover, is one of the leading electrical, electronical, mechanical services contracting companies in the region surrounding Turkey, Middle East, Russia and various former Soviet Republics. AE Arma Elektropanç has successfully completed a total of 7 million sqm closed area electrical, electronical, HVAC, mechanical works and has a backlog of US$250 million in 2012.
Imtech is a leading European technical services provider in the fields of electrical solutions, ICT (information communication technology) and mechanical solutions. With 28,600 employees, revenues of 5.1 billion Euros, and a market capitalization of 2.2 billion Euros, Imtech holds strong positions in the buildings and industry markets in the Netherlands, Belgium, Luxembourg, Germany, Austria, Eastern Europe, Sweden, Norway, Finland, the UK, Ireland and Spain; the
European markets of ICT and Traffic; as well as in the global marine market. René van der Bruggen, CEO Imtech: ‘This acquisition is a huge leap
forwards for Imtech. In our 2015 growth strategy, we have committed ourselves to strengthening our position in countries new to Imtech, such as Turkey. The AE Arma-Elektropanç acquisition will help us achieve this goal. At the same time, we are able to create a stepping stone to emerging markets such as the Middle East, Russia and various former Soviet Republics.’
Kemal Kizilhan, the Chairman of AE Arma-Elektropanc: “For years I have been saying that we are in the way of becoming a global company and that we would reach our goal shortly. With this partnership, AE Arma-Elektropanc has reached the last step in its goal to become a global player.”
Kerim Kotan said” this is another proud moment for me as this is the first ever transaction in Turkey where a controlling stake in a construction company is sold to an international company.”
Imtech N.V. acquired 80% of their equity stake with the remaining shares to be acquired in the future.