Imtech N.V. has acquired NEA Gruppen AB

Netherlands-based Imtech, one of Europe's leading technology companies, has acquired NEA Gruppen AB from Segulah, a Nordic private equity firm, for US$126 million.

Based in Gouda in the Netherlands, Imtech is one of Europe's leading technology companies which combines electrical services with ICT (information and communication technology) and total technical and mechanical service solutions. With approximately 25,000 employees, Imtech has a turnover of more than US$5.8 billion with activity in the Netherlands, Belgium, Luxembourg, Germany, the Nordic countries, the UK, Spain and Eastern Europe. Imtech is listed on the Euronext Stock Exchange of Amsterdam. The acquisition of NEA is a breakthrough for Imtech and is in line with the company's strategic growth plan.

NEA, the second largest player in the market for electrotechnical services in Sweden, offers solutions in electrical contracting and installation in combination with the wholesale of electrical components, repair shops and hoisting equipment.

Oaklins' teams in Sweden and the Netherlands advised the buyer in this transaction.