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.

Related Content

  • Cities’ quandary over air quality
    October 20, 2014
    Transportation professionals have always made the safety of drivers, other road users and pedestrians their top priority with congestion and other considerations further down the wish list. Now, however, it is not enough to prevent motorists, cyclists and pedestrians being injured in traffic accidents as it appears transport professionals’ responsibilities must go much wider – to the public in general. The OECD has calculated that road traffic related air pollution kills more than three million people per y
    Read More
  • Digital Light Processing transforms travel information
    July 19, 2012
    David Crawford investigates the potential of new projection technology. Fifty years on from its invention of the microchip, US company Texas Instruments (TI) has compressed the technology into a surface area of just 4.3mm. As such, it forms the heart of a new Pico Digital Light Processing (DLP) system that is set to transform travel information delivery for millions of users on the move - by making it projectable.
    Read More
  • Governors urge Congress to act on transportation funding
    January 31, 2014
    The National Transportation Coalition, a US bipartisan group of governors, is calling on Congress to take immediate action to avoid a looming national crisis – the expiration of national highway funding. Seventeen Governors have signed a letter urging congressional members to act and avoid a potential nationwide transportation funding crisis. The Highway Trust Fund, the funding mechanism that drives the US investment in transportation infrastructure, is facing its fifth revenue shortfall since 2008. Mo
    Read More
  • The downside of driverless vehicles
    October 27, 2016
    Driverless cars will have a detrimental effect on congestion and security while the road safety benefits can be achieved sooner and cheaper using ADAS, argues Colin Sowman. Many Governments are consulting about the introduction of driverless vehicles and even running trials. As 70% or 80% of crashes are caused by human error, the promise of a crash-free future of driverless, self-driving or autonomous vehicles (call them what you will) is alluring, as are the claims of reduced congestion and lower emissions
    Read More

Highlighted Content