Imtech N.V. has acquired an 80% stake in Turkish contractor AE Arma Elektropanç to strengthen its presence in the Turkish market and access emerging regions.

Target Company Overview

AE Arma Elektropanç is a leading service contractor based in Turkey, specializing in electrical, electronic, and mechanical services. The company boasts a workforce of over 1,200 employees and generates an annual turnover of approximately €90 million. AE Arma Elektropanç has an impressive portfolio, having completed electrical, HVAC, and mechanical works in closed areas totaling over 7 million sqm, alongside a substantial backlog of $250 million as of 2012.

Industry Overview in Turkey

The Turkish construction industry has been undergoing significant transformation, fueled by robust economic growth and increased urbanization. As a result, the demand for innovative engineering and technical services continues to rise, positioning companies like AE Arma Elektropanç at the forefront of this development. The Turkish government's ambitious infrastructure projects have further propelled industry expansion, creating a favorable business environment.

In addition to local growth opportunities, Turkey serves as a strategic hub for accessing neighboring markets in the Middle East, Eastern Europe, and the former Sovi