Tideland Signal Corporation (“Tideland”)
announces today that it has entered into a definitive agreement to acquire
the IMT B.V. Group of Companies (“IMT”). IMT is well known for developing
innovative lighting, navigation and signalization products and systems
with clients ranging from offshore to marine, construction and governmental
organizations. The product range is valued for its suitability for demanding
and critical application areas and is designed to withstand the harshest
of marine environments. By acquiring IMT, Tideland expands its product
portfolio with:
§ Helideck
and Circle-H Signalization and Lighting Control Systems
§ Aids
to Marine Navigation
§ Offshore
Platform Signalisation
§ Obstruction
Warning Lighting
§ Offshore
Wind Farm Lighting and Signalisation
In operation for over 30 years, IMT operates
globally with headquarters in The Netherlands and subsidiaries in Singapore,
the UK and Germany. IMT has a long track record of continuously developing
new lighting solutions, underscored most recently with the company’s Circle-H
solution that addresses the requirements of helideck safety.
The Tideland and IMT product ranges are
highly complementary, and together they comprise a broad AtoN solutions
portfolio.
“We welcome IMT to the global
Tideland team. The combination of our people, products and presence worldwide
makes for a powerful combination and helps us deliver even more benefits
to our customers as we solve their navigation and signaling challenges”,
said Matt Scheuing, Tideland’s CEO.
“The acquisition marks a new era for
IMT”, said Raynaud Mignot, IMT’s CEO. “Becoming part of Tideland will
give us a stable environment for future growth and allows us to continue
our tradition of leading and innovating, with our products becoming available
to a larger market.”
The final combination of the two companies
is imminent, and further updates on our enhanced offering and market collaboration
will be provided later in the year.
Founded in 1954, Tideland Signal (Tideland)
delivers world leading Aids to Navigation solutions, products, services
and customer care, with innovation, safety and compliance at the core of
our mission. This mission is accomplished with offices in the USA, UK,
Singapore, Dubai and Canada. Tideland’s customer base includes Coast Guards,
Navies, Ports and Harbours, Offshore Oil and Gas companies, and marine
authorities.
