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

  • West Midlands pilots the UK’s first MaaS
    November 14, 2017
    Mobility-as-a-Service is being piloted in the UK’s second largest metropolitan area and will shortly be opened to the travelling public. A fully operational Mobility-as-a-Service (MaaS) offering is being piloted in the West Midlands region of the UK. Covering seven local authorities which make up the West Midlands metropolitan area and population of 2.8 million, the service is being provided through a memorandum of understanding (MOU) between Transport for West Midlands (TfWM), Finnish company MaaS Global
  • Delivering accurate vehicle identification
    August 1, 2012
    In the Netherlands, TNO, the independent research organisation, has been engaged in a project on behalf of the RDW, the Dutch vehicle registration and licensing authority, intended to look at the feasibility of using electronic means to make vehicle identification more accurate and less susceptible to fraud. Electronic Vehicle Identification (EVI) has been in existence in various forms for several years now but TNO was tasked with finding out whether OnBoard Unit (OBU)-based applications could be complement
  • ETSC welcomes EU plans for safer cars, vans and lorries
    December 20, 2016
    The European Commission has published a list of 19 lifesaving safety technologies that could be made mandatory on new vehicles in the next update of EU vehicle safety rules expected next year. The European Transport Safety Council (ETCS) welcomes the announcement but says several critical areas for action are missing, and the proposed timescale is far too long considering that most of the technologies are already available. ETSC says 26,000 people die on European Union roads annually, with at least
  • Safer roads need safe systems approach, better infrastructure
    January 19, 2012
    Some developed countries are far from leading the way when it comes to making road infrastructure safe. In fact, says the Road Safety Foundation's Joanne Hill, they learn a lot from what is happening in emergent nations. A new report from the Road Safety Foundation, 'Saving Lives, Saving Money - the costs and benefits of achieving safe roads', makes some startling assertions about attitudes to road safety. Although concerned predominantly with the UK, there are some universal lessons to be learned, accordin