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

  • Improved productivity and advanced technology benefits ITS
    December 13, 2012
    John Horsley will hang up his hat as executive director of AASHTO in February 2013. After 14 years at the helm, he will bow out convinced of the current and future benefits of ITS for US transportation. Alot of exciting career opportunities still await young engineers in US transportation, says John Horsley, outgoing executive director of AASHTO – the American Association of State Highway & Transportation Officials. Horsley will be dedicating more of his time to matters of ITS after he stands down in Februa
    Read More
  • Governments must look beyond short-term spending of public funds
    February 2, 2012
    Phil Pettitt, Chief Executive of innovITS, the UK's ITS Centre of Excellence, argues that governments need to look beyond the short-term when looking to pump-prime economic recovery with public funds. It seems, in the current economic climate, that a 'good' day is one in which no company is announcing job cuts or going into administration. Consumer demand is down and businesses are retrenching, cutting costs and fretting over the consequences of shrinking opportunities and order books. It has not been this
    Read More
  • Stocchi takes on transatlantic tolling tasks
    March 20, 2017
    We talk to Emanuela Stocchi, the first overseas-based female president of IBTTA and well placed to view tolling on both sides of the Atlantic. As incoming president of the International Bridge, Tunnel and Turnpike Association (IBTTA), Emanuela Stocchi aims to bolster the ‘international, mobility and connections’ elements of the US-based tolling organisation.
    Read More
  • ITS America publishes connected vehicle guidance
    April 22, 2015
    Guidance on the likely impact of multipath communications on connected vehicle development has been published by ITS America. ITS America’s Connected Vehicle Technical Insight looks at the challenges and opportunities wireless interoperability could provide in vehicle applications. In particular the 22-page document examines the processes by which data can be transferred from one vehicle to another (V2V), or between a vehicle and the infrastructure (V2I).
    Read More

Highlighted Content