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

  • Roadside infrastructure key to in-vehicle deployment
    November 28, 2013
    The implementation of in-vehicle systems will require multilateral cooperation, as Honda’s Sue Bai explains to Colin Sowman. Vehicle manufacturers will shape the future direction of in-vehicle ITS systems, but they can’t do it on their own. So to find out what they see on the horizon, and the obstacles they face, ITS International spoke to Sue Bai, principal engineer in the Automobile Technology Research Department with Honda R&D Americas. Not only does she play an important role in Honda’s US-based ITS
    Read More
  • DriveNow London expands car-sharing fleet with EVs
    May 20, 2015
    London’s DriveNow has expanded its car-sharing service with the addition of thirty BMW i3 electric vehicles (EVs). , The BMW/Sixt joint venture offers one-way flexible car-sharing in the North London boroughs of Islington, Hackney, Haringey and Waltham Forest. Following its launch in December 2014, this takes the growing fleet total to 270 vehicles being used across the boroughs, offering residents and businesses a viable alternative to use of private cars with it's on demand, pay per use model. Commentin
    Read More
  • German road toll to cost foreign drivers up to €130 a year
    November 3, 2014
    The German government has introduced a controversial road toll which will force foreign car drivers to pay up to €130 (US$162) a year for using Germany's autobahn motorways.
    Read More
  • India to invest in transportation to boost urban economies
    November 13, 2012
    Grand plans have been announced for transport investment in India aimed at boosting city economies. India’s Government Secretary for Urban Development Sudhir Krishna explains all to Jason Barnes. There are many reasons for developed countries’ high levels of urbanisation, not least of which is that the types of employment to be found in towns and cities tend to generate relatively greater wealth and so make greater contributions to a country’s economy. That creates the imperative for developing nations to f
    Read More

Highlighted Content