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

  • NVV to deploy Cubic mobile ticketing solution
    March 23, 2012
    Cubic Transportation Systems is to provide a mobile service for rail and bus travel planning and ticketing for Nordhessischer Verkehrsverbund (NVV).
  • How does transit prepare for the next pandemic?
    November 30, 2020
    Covid-19 has taught us that once-in-a-generation events do actually happen sometimes. But Ronald E. Boénau suggests that transport agencies can prepare for the next pandemic - without exactly preparing for it at all…
  • Taking the long view of ITS
    March 24, 2015
    Caroline Visser believes the ITS industry must present a coherent case for consideration of the technology to become part of transport policy and planning. As ITS advisor and road finance director for the International Road Federation (IRF) in Geneva, Caroline Visser is well placed to evaluate quantifying the benefits of ITS implementation – a topic about which there is little agreement and even less consistency. She is pressing to get some consistency in the evaluation of ITS deployments through the use of
  • Increasing road safety with automated driver assistance systems
    January 26, 2012
    Jon Masters looks at how drivers will be trained to use the increasing number of advanced driver assistance systems being incorporated into modern cars