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

  • Smoothing out city freight movements
    May 28, 2014
    David Crawford welcomes a national first. Urban freight movements, while commercially and socially vital, are a growing logistical headache for planners and people alike. Figures from France’s Lyon Laboratory of Transport Economics indicate that goods transport in major urban areas accounts for: 20% of traffic; 35% of CO2 emissions made by all urban trips; and 50% of the diesel used; while final km delivery runs account for 20% of the total cost of the transport chain.
    Read More
  • High-precision Theia telephotos for fixed and mobile traffic installations
    August 1, 2025
    Lenses offer high-resolution imaging and precise long-distance identification
    Read More
  • Moscow planning improvements to city’s ITS system
    March 17, 2016
    Buoyed by the success of its recent ITS introductions, the authorities in Moscow are planning additions to the system as Eugene Gerden discovered. The government of Russia’s capital, Moscow, plans further improvement to the city’s transport systems, partly through the introduction of new ITS technologies and the modernisation of existing systems. At the beginning of 2015 the Moscow government completed the introduction of a new ITS infrastructure in the city, which, according to Moscow Mayor Sergei Sobyanin
    Read More
  • Social media mooted for traffic management
    November 13, 2012
    SQLstream’s Ronnie Beggs discusses with Jason Barnes the potential and pitfalls of using social media for traffic monitoring and management. cataclysmic events such as hurricanes and tsunami have challenged perceptions of what constitutes robust traffic management infrastructure in recent times. Presumptions that only fixed systems could offer high levels of unbroken service, accuracy and communication bandwidth, have been taught some hard lessons by nature. In many respects wireless systems now represent t
    Read More

Highlighted Content