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

  • Jenoptik uses sensor fusion to avoid monitoring confusion
    January 26, 2018
    Jenoptik’s Uwe Urban looks at the advantages of ‘sensor fusion’ for the ITS sector. When considering the ideal sensing and monitoring system to enable the ITS sector to deliver improvements in mobility and road safety, for general policing security and border protection, we have to think beyond radar-base systems or laser scanners. What is needed today are solutions for detecting and tracking vehicles while recording evidence to deacide if any action is necessary. There is no sole sensor capable of
    Read More
  • Tollers make way as NextNav muscles into 902-928MHz spectrum
    July 30, 2013
    Toll operators and Progeny trade claim and counter claim about the potential ramifications of operating in the 902-928MHz spectrum, as Jon Masters finds out. Two months after the Federal Communications Commission (FCC) determined that Progeny can start commercial operation of its NextNav location finding service, the dust has begun to settle. The tolling industry has had a chance to reflect on how this may impact its operations, in the knowledge that NextNav will share the 902-928MHz frequency band with RFI
    Read More
  • EU government joins forces with industry to transform road safety
    January 16, 2013
    The first V2X for Auto Safety & Mobility Conference, to be held in Frankfurt on 20-21 February, will bring together expert speakers from ITS UK, European Commission, BMW, Renault and Scania to devise a unified commercialisation and deployment strategy for vehicle and infrastructure technology to accelerate safety and mobility. Telematics Update, organisers of the conference, say that vehicle to vehicle communication will transform automotive safety, enabling deployment of effective active safety features fo
    Read More
  • All change: new CEO for Ertico
    October 15, 2021
    Jacob Bangsgaard replaced by Acea's smart mobility director Joost Vantomme
    Read More

Highlighted Content