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.

Related Content

  • Is Europe's Galileo project value for money?
    February 2, 2012
    Philippe Hamet discusses the progress of the European Union's Galileo Global Navigation Satellite System Project
  • Changes needed to Italy's enforcement tendering?
    February 2, 2012
    Fixed penalty notices KRIA's co-founder and President Stefano Arrighetti discusses the events which led up to investigations into the fraudulent use of his company's T-RED red light enforcement system and his house arrest. Looking forward, he says, there needs to be fundamental reform of how Italy goes about the enforcement contract tendering process
  • Gearing up for the global electric vehicle revolution
    May 3, 2019
    As transport, communications and energy networks become inextricably linked, policy makers are recognising the implications for our built environment – and the growing electric vehicle market will have a major impact on the world’s infrastructure, says Rolton Group’s Chris Evans
  • The red light camera choice: 60 killed or save US$231 million a year
    June 5, 2015
    David Crawford investigates new cost-benefit analysis of red light cameras. US states can now realistically calculate the economic benefits of using red light safety cameras, alone or in combination with other measures, to cut road traffic accident levels. The results could be of material value in making the case for the cameras as a number of state legislatures continue to debate their acceptability.