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Imtech: Imtech receives intention to award from Alliander for 'Smart meters'

Gouda - Royal Imtech N.V. (European technical service provider) reports that
it has received an intention to award from Alliander N.V. (contracting
division by commission of Liander N.V.) for the installation of smart
electricity and gas meters, including interior remediation works.

Gerard van de Aast, CEO of Royal Imtech N.V.: 'We are delighted with this
notice of intent from Alliander to award this long-term contract to Imtech.
The combination of experience in the customer process, the process
management, efficiency and scalability made the breakthrough. We value the
trust that is being placed in us, to be able to, also via this project, play
a major role in achieving the Dutch government's climate objectives.'

Climate objectives

To achieve the 2020 climate objectives, the European Commission has stipulated
that by the end of 2020, 80% of the inhabitants of the European Union must be
provided with a smart meter. To realise this, the Dutch government called
into existence the large-scale offer from 2015 to 2020 with the aim to have
offered a smart meter to 100% of Dutch consumers.

Smart meters

At the end of this period, the expectation is that 80% of the Dutch population
will have a smart meter, which will offer them the opportunity to gain more
insight into energy consumption, generation of their own energy, and energy
feed-in. Alliander N.V. decided to take advantage of the large-scale offer in
order to carry out certain remediation works in the meter cupboard alongside
the installation of the smart meters. The whole project includes more than
two million meters and is split up into two lots.

Long-term contract

As the main contractor for one lot, Imtech Traffic&Infra (Unit Energy) will be
entirely responsible for the customer process right through to the exchange
of the electricity and gas meter and the remediation. This also encompasses
the logistics concerning the delivery of the electricity and gas meter and
the contact with the customer. It is a framework contract, in which the
initial contract value is some tens of millions of euros during the course of
the contract.

The preparatory works start in April 2015. The installation starts from
October 2015 and runs through to 2020 (69 months). The period from 2021 to
2023 will be used to replace the remaining meters.

More information
| Media: Analysts&investors |
| Dorien Wietsma Jeroen Leenaers |
| |
|Director of Corporate Communication&CSR Director of Investor Relations |
|T:+31 (0)182 54 35 53 T: +31 (0)182 543 504 |
|E: |
| |
| |
Imtech profile
Royal Imtech N.V. is a European technical services provider in the fields of
electrical solutions, automation and mechanical solutions. With approximately
22,000 employees, Imtech holds attractive 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 market of Traffic as well as in the global marine market. Imtech
offers integrated and multidisciplinary total solutions that lead to better
business processes and more efficiency for customers and the customers they,
in their turn, serve. Imtech also offers solutions that contribute towards a
sustainable society - for example, in the areas of energy, the environment,
water and traffic.
Imtech shares are listed on Euronext Amsterdam.

PDF: Press Release


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Imtech via Globenewswire


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