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

  • Traffic management to the fore at Vision 2014
    December 8, 2014
    Colin Sowman reviews some of the traffic-related exhibits at the 2014 Vision Show in Stuttgart. Traffic was a major theme at this years’ Vision Show in Stuttgart and several manufacturers used the exhibition to highlight their traffic-related equipment and applications.
    Read More
  • Upgrading Koblenz's traffic information system
    March 1, 2013
    David Crawford reviews an award-winning scheme that delivered a 30% increase in website usage – below budget The German Federal Agricul­tural Show (Bundesgarten­schau, BUGA) runs between mid-April and mid-October every other year in a differ­ent city. The most recent, 2011, edition took place in Koblenz, a medium-sized community with a population of just over 105,000 in the Rheinland-Pfalz region, and was expected to draw an additional 40,000 visitors a day to its central area. Traffic access from the moto
    Read More
  • TRA 2018: Vienna conference highlights
    June 5, 2018
    Digitalisation of transport systems, the regulation of new technologies and more charging points for electric vehicles in cities were among the talking points at this year’s Transport Research Arena conference. Alan Dron sifts through the highlights in Vienna. More than 3,000 transport sector specialists converged on TRA 2018, where the four-day event’s agenda included scores of topics covering regulation, technology and the effect of the digitalisation of road transport systems. Who should control those
    Read More
  • After two decades of research, ITS is getting into its stride
    June 4, 2015
    Colin Sowman gets the global view on how ITS has shaped the way we travel today and what will shape the way we travel tomorrow. Over the past two decades the scope and spread of intelligent transport systems has grown and diversified to encompass all modes of travel while at the same time integrating and consolidating. Two decades ago the idea of detecting cyclists or pedestrians may have been considered impossible and why would you want to do that anyway? Today cyclists can account for a significant propor
    Read More

Highlighted Content