Imtech: Imtech Germany files for insolvency

Further to its press releases of 28 July, 4, 5 August and earlier today, Royal Imtech N.V. ('Royal Imtech') announces that its subsidiary Imtech Germany ("Imtech Deutschland GmbH & Co. KG") has filed for insolvency in the relevant German court. This filing only relates to Imtech Germany.

In light of these developments and the resulting potential conflicts of interest, Mr Felix Colsman, chairman of the board of Imtech Germany, has decided to step down as member of the Board of Royal Imtech. Mr Colsman will remain chairman of the board of Imtech Germany. Royal Imtech is grateful for all that Mr Colsman has done for Royal Imtech.

As already announced earlier today Royal Imtech is evaluating the current situation and its consequences and is considering all options.

Royal Imtech will update the market as soon as possible more specifically on the consequences of these developments.  

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Imtech profile

Royal Imtech N.V. is a European technical services provider in the fields of electrical solutions, automation and mechanical solutions. With approximately 22,000 employees, Imtech holds attractive positions in the buildings and industry markets in the Netherlands, Belgium, Luxembourg, Germany, Eastern Europe, Sweden, Norway, Finland, the UK, Ireland and Spain, the European market of Traffic as well as in the global marine market. Imtech offers integrated and multidisciplinary total solutions that lead to better business processes and more efficiency for customers and the customers they, in their turn, serve. Imtech also offers solutions that contribute towards a sustainable society - for example, in the areas of energy, the environment, water and traffic. Imtech shares are listed on Euronext Amsterdam.