Skip to main content

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

  • Demand-responsive transport keeps things flexible
    July 20, 2023
    Mobility needs change: Elena Ziller of OpenMove explains why demand-responsive transport is emerging as a hot mobility trend – and why it’s not without challenges
  • Guide on how to improve bike network connectivity with modest changes
    June 1, 2012
    The Mineta Transportation Institute has released a peer-reviewed research report, Low-Stress Bicycling and Network Connectivity. As part of its work, the research team created measures of low-stress bicycle route connectivity that can be used to evaluate and guide bicycle network planning. As a result, the team proposed a set of criteria by which road segments can be classified into four levels of traffic stress (LTS). The report includes a sample case study in which every street in San Jose, California, is
  • Do we need a new approach to ITS and traffic management?
    January 31, 2012
    In an article which has implications for the European Electronic Toll Service, ASECAP's Kallistratos Dionelis asks whether the approach we currently take to major ITS system implementations is always the best or healthiest. I was asked recently to write a paper on the technology-oriented future of transport. To paraphrase, I started with: "The goal of European policy-makers is to establish a transport system which meets society's economic, social and environmental needs, satisfying in parallel a rising dema
  • Travel information is heading towards smartphones
    January 30, 2012
    Travel information services are undergoing a step change as rapid increase in sales of smartphones brings ITS technology to consumers' fingertips. A virtuous circle of expanding capability is under way in traffic and travel information services, promising much for drivers and reduction of road congestion. A recent rapid rise in sales of smartphones has boosted numbers of vehicles carrying GPS enabled devices and so brought expansion of traffic data available for analysis and dissemination. Greater numbers o