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
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.
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
- Novae examines merger with rival company Omega
Sector: Insurance
Value: £500 million
Advisers: undisclosed
- Serco will acquire BPO services company
Sector: Business Process Outsourcing services
Value: £385 million
Advisers: undisclosed
- Xerox expands managed print services with NewField IT acquisition
Sector: Technology
Value: undisclosed
Advisers: undisclosed
