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

  • The role of GIS in climate change resiliency
    May 29, 2014
    Climate change will pose global and local challenges and that includes risks to the transportation infrastructure. Climate change adaptation and resiliency has captured the attention of the transportation community for some time now. Because transportation infrastructure is often designed to last for 30, 50, or 100 years or even longer, transportation professionals are concerned not only about the impact on our existing investments, but also how to design more durable transportation systems for the future
    Read More
  • Will the European Electronic Tolling System serve its purpose?
    February 3, 2012
    ASECAP's Kallistratos Dionelis asks whether, despite the best intentions at the policy level, the European Electronic Tolling System can ever hope to serve the customer in the way it is intended to. Reality doesn't just happen. In many ways, reality is created. We first create or produce a reality and then we consume it; this takes time and has a cost that needs to be covered.
    Read More
  • Tolling: it’s time to open up
    May 24, 2023
    Europe sees more and more tolling schemes being implemented based on GNSS technology and an ‘open marketplace’ model. What are the drivers behind this trend and do those schemes show how toll systems will look in the future? Peter Ummenhofer of Go Consulting goes out on the road
    Read More
  • Joined-up thinking for future ITS
    May 8, 2015
    David Crawford looks at a US model which, for modest federal funding, is producing substantive results. Outward and upward is the clear message emerging from the US$458,000, 2015 workplan of the US government’s ENTERPRISE (Evaluating New TEchnologies for Roads PRogram Initiatives in Safety and Efficiency) joint funding scheme for ITS research.
    Read More

Highlighted Content