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

  • Flixbus tests E-Buses with long-distance routes in France and Germany
    March 16, 2018
    Flixbus has confirmed that E-Mobility will test E-Buses on their long-distance bus routes in France and Germany. The project, according to André Schwämmlein, founder and CEO of FlixBus, aims to help shape the future of mobility as well as signal bus manufacturers to develop alternatives to pure diesel vehicles. The first bus will begin test operations in April with its premiere route between Paris and Amiens, France. The second E-Bus will run from Hessen to Baden-Württemberg, Germany, in Summer 2018.
    Read More
  • Tech giants could herald loss of MaaS policy control
    March 25, 2020
    With tech giants targeting the transport sector, could local authorities lose control of their means of delivering policy?
    Read More
  • Motorcycle manufacturers partner on C-ITS
    October 9, 2015
    BMW Motorrad, Honda Motor Company and Yamaha Motor Company have joined forces to enhance Cooperative-Intelligent Transportation Systems (C-ITS) applications in powered two-wheelers (PTWs) and are working together to establish a consortium named Connected Motorcycle Consortium. According to the Memorandum of Understanding (MoU), which was signed by all European Association of Motorcycle Manufacturers (ACEM) manufacturing members in 2014, C-ITS features will be introduced from 2020 onwards. In order to acc
    Read More
  • Asfinag makes case for ITS-G5 over 5G
    March 15, 2019
    Asfinag’s Manfred Harrer and Peter Meckel talk to Jason Barnes about the organisation’s first steps towards C-ITS deployments - and why ITS-G5 will be the underpinning standard For quite a number of years, it was assumed that the connectivity required for cooperative ITS (C-ITS) applications and autonomous vehicle (AV) operations would be catered for by a bespoke communications solution/protocol. This would provide localised ad hoc communication in a manner similar to Wi-Fi, and the dedicated bandwidth/n
    Read More

Highlighted Content