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

  • WIM system certification is a complex business
    February 21, 2018
    There are interesting moves afoot to create Germany’s first Weigh-In-Motion enforcement site in Hamburg – but Florian Weiss of Traffic Data Systems warns that WIM certification is a complex business. In the past, Weigh-In-Motion (WIM) was mainly used for statistical (WIM-S) and pre-selection (WIM-P) applications. These abbreviations - as well as WIM-E (enforcement) and WIM-T (tolling) - were created by Traffic Data Systems during Intertraffic 2006 in Amsterdam. This was also the year when we started the
    Read More
  • Q-Free makes management changes
    November 4, 2015
    Following a board meeting on 3 November, Q-Free has announced that Thomas Falck will step down from his position as CEO with immediate effect and CFO Roar Østbø is appointed as interim CEO. Chairman of the board Terje Christoffersen has also informed the board of his immediate resignation; vice chairman Charlotte Brogren will fill the role until a new chairman of the board is elected by the general meeting.
    Read More
  • New chairman and fresh thinking at Ertico
    October 6, 2015
    Cees de Wijs, who was elected Chairman of Ertico ITS Europe in June, puts the Partnership and this ITS World Congress in context.
    Read More
  • Variable message signs continue to deliver travel information
    February 2, 2012
    Arguably the 'face' of ITS, variable message signs are far from being a passing solution
    Read More

Highlighted Content