The dismantling of bankrupt technical services group Imtech is continuing and now the Spanish arm has been sold to investment group Springwater Capital.
This means that 1,700 jobs are likely to be saved, news agency ANP said. Imtech Spain also has operations in Chile, Peru and Morocco and books annual turnover of some €150m.
Earlier this week the curators announced that a new owner had also been found for Imtech Nordic and parts of Imtech Industrial Services. New owners still have to be found for the Polish and Luxemburg operations, ANP said.
At the end of August, the administrators said they had sold off a number of units, securing 9,300 of the company’s 22,000 jobs. Imtech’s massive financial problems became apparent in early August, and the company was declared bankrupt on August 14.
Thank you for donating to DutchNews.nl
The DutchNews.nl team would like to thank all the generous readers who have made a donation in recent weeks. Your financial support has helped us to expand our coverage of the coronavirus crisis into the evenings and weekends and make sure you are kept up to date with the latest developments.
DutchNews.nl has been free for 14 years, but without the financial backing of our readers, we would not be able to provide you with fair and accurate news and features about all things Dutch. Your contributions make this possible.