Imtech raked in € 48m worth of ICT orders in Germany and simultaneously acquired an ICT package from the small German ICT services company Infas Enermetric.
On the German ICT market, Imtech is represented by Fritz & Maczoil group, a full subsidiary of Imtech ICT and a major player on the German, Swiss and Asian ICT markets. With the acquisition of Infas Enermetric product line FM-Tools, Imtech is strengthening its position in the field of ICT support for facility management in the public sector. Infas Enermetric in its whole realises an annual turnover of almost € 1m.
The ICT orders and acquisition are positive for sentiment but have no major impact on our estimates and investment case. We keep our Buy rating and € 29 TP.