Imtech hungry for growth and acquires YIT Hungary

Imtech technical services provider in Europe has announced the acquisition of the activites of YIT in Hungary, the deal includes YIT Hungary Kft, YIT BIS Hungary and Duatec Hungary which realise an annual revenue of £9 million.
Round-up of today's M&A deals


Imtech technical services provider in Europe has announced the acquisition of the activites of YIT in Hungary, the deal includes YIT Hungary Kft, YIT BIS Hungary and Duatec Hungary which realise an annual revenue of £9 million.
Round-up of today’s M&A deals

Imtech technical services provider in Europe has announced the acquisition of the activites of YIT in Hungary, the deal includes YIT Hungary Kft, YIT BIS Hungary and Duatec Hungary which realise an annual revenue of £9 million.

YIT Hungary is specialised in mechanical and electrical services, including energy and energy savings, fire safety and building automation for both private and public sectors. Imtech currently works for a large number of Eastern European customers and investors and will use the acquisition of YIT to facilitate this further.

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Round-up of today’s M&A deals

  • Berggruen set to swallow Weetabix with acquisition vehicle Justice Holdings

Sector: FMCG

Value: £1 billion

Advisers: undisclosed

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  • Novae examines merger with rival company Omega

Sector: Insurance

Value: £500 million

Advisers: undisclosed

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  • Serco will acquire BPO services company

Sector: Business Process Outsourcing services

Value: £385 million

Advisers: undisclosed

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  • Xerox expands managed print services with NewField IT acquisition

Sector: Technology

Value: undisclosed

Advisers: undisclosed

Read more

Todd Cardy

Todd Cardy

Todd was Editor of GrowthBusiness.co.uk between 2010 and 2011 as well as being responsible for publishing our digital and printed magazines focusing on private equity and venture capital.

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