US-based Tideland Signal Corporation has entered into an agreement to acquire IMT B.V. Group of Companies, the Netherlands-headquartered developer of lighting, navigation and signalization products and systems for offshore, marine, construction and governmental sectors.
By acquiring IMT, Tideland expands its product portfolio with: offshore wind farm lighting and signalization, helideck and circle-H signalization and lighting control systems, aids to marine navigation, offshore platform signalization, and obstruction warning lighting.
Tideland says that the products of the two companies ”are regarded as highly complementary, and together they comprise the broadest AtoN solutions portfolio in the industry.”
“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.
IMT has been operating from the Netherlands for the last 30 years, establishing subsidiaries in Singapore, the UK and Germany along the way.
“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.”