Imtech division sales realise €143m to date

imtech flagsAdministrators for bankrupt technical services company Imtech say the sale of three divisions has secured bank financing and will allow creditors to be paid.

In a press release on Tuesday, the administrators said the sale of the first three divisions has already realised at least €143m and secured 9,300 jobs.


The sale of the Traffic & Info division to Dutch investment company Egeria was confirmed in the press release, yielding €39m and securing 1,965 of the 2,100 jobs at the division, including 994 in the Netherlands.

The earlier sale of Marine was good for €48m and that of the Nordic division for  €56m.

Of the total 22,000 jobs at Imtech, 9,300 are now secured, 2,300 of them in the Netherlands.


Because all the current projects within these divisions will now continue, a €120m bank guarantee has also been secured, the administrators said.

Talks are taking place on Tuesday about the sale of Imtech Nederland where around 2,300 Dutch people work.

The scale of the company’s problems became apparent two weeks ago, and it was declared bankrupt last Friday.


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