Imtech Germany files for insolvency

Royal Imtech has announced that its German subsidiary Imtech Germany has filed for insolvency in the German courts. It stresses that this filing only relates to Imtech Germany. In light of these developments and the resulting potential conflicts of interest, Felix Colsman, chairman of the board of Imtech Germany, has decided to step down as member of the Board of Royal Imtech. Colsman will remain chairman of the board of Imtech Germany. Royal Imtech is evaluating the current situation and its consequ
August 7, 2015 Read time: 1 min
Royal 769 Imtech has announced that its German subsidiary Imtech Germany has filed for insolvency in the German courts. It stresses that this filing only relates to Imtech Germany.

In light of these developments and the resulting potential conflicts of interest, Felix Colsman, chairman of the board of Imtech Germany, has decided to step down as member of the Board of Royal Imtech. Colsman will remain chairman of the board of Imtech Germany.

Royal Imtech is evaluating the current situation and its consequences and is considering all options and will update the market as soon as possible more specifically on the consequences of these developments.

For more information on companies in this article

Related Content

  • Swarco expands in Switzerland
    April 13, 2018
    Swarco has acquired the majority shareholding in Bergauer Holding. The Switzerland based company develops and integrates intelligent traffic guidance and control systems as well as guidance systems for infrastructure and security projects. For the medium term, the project planning, installation and services activities of Bergauer Signalbau and Swarco will be merged into Swarco Schweiz as part of a strategy to achieve a better service for clients. Bergauer will continue to manage the project planning
    Read More
  • In-vehicle automation of safety compliance and other traffic violations
    January 24, 2012
    David Crawford explores new initiatives in enforcement. Achieving the EU’s new road safety target of reducing road traffic deaths by 50 per cent by 2020 depends on removing legal and institutional barriers to the deployment of new enforcement technologies, stresses Jan Malenstein. The senior ITS Adviser to Dutch National Police Agency the KLPD, and a European-level spokesperson on road and traffic safety, points to the importance of, among other requirements, an effective EUwide type approval process for fr
    Read More
  • Pilot scheme tests automatic emergency call system
    March 14, 2012
    Development of the European eCall system is now at a stage of national systems testing. Ertico’s project manager for the HeERO pilot scheme Andy Rooke has given ITS International the lowdown on progress towards pan-European eCall services. Live testing is now under way in the nine countries participating in the European Commission’s HeERO project – a three year pilot scheme preparing the way for full deployment of Europe’s eCall automatic emergency call system.
    Read More
  • Aptiv: we need overhaul of AV nervous system
    August 20, 2019
    Autonomous vehicles are changing a lot of things: Aptiv’s Christian Schäfer suggests that we need to look again at traditional approaches to vehicle architecture to find viable options for the future
    Read More

Highlighted Content