Imtech UK in takeover talks

With its Dutch parent moving from administration into bankruptcy, Imtech UK & Ireland is in talks with potential investors looking to take it over.

Imtech UK & Ireland continues to trade, despite turmoil at the parent company, and is taking steps to secure its future.

A spokesperson for Imtech UK & Ireland said: “Yesterday the administrators of Royal Imtech NV announced that a further procedural step has been taken in Holland with the Dutch holding company being placed into bankruptcy and trustees appointed.

“It was also announced that Imtech Nordic and Imtech Marine have been sold separately to different buyers, giving the divisions immediate access to working capital.

“We can reiterate that Imtech UK & Ireland continues to trade and is not subject to this administration or bankruptcy procedure.

‘Discussions with a number of interested parties about long-term options for the business in the UK and Ireland are also very active.”

The trustees Royal Imtech NV are also in discussions with potential buyers for the divisions and/or parts of Traffic & Infra, Imtech Spain and Imtech Belgium as well as Imtech UK & Ireland. They have also received expressions of interest in the Dutch part of the business.