Added on: 09 September 2015

• Imtech Industrial Services B.V. declared bankrupt and parts of Imtech Industrial Services B.V. sold
• Shares in Imtech Suir Engineering Ltd. sold to Endless LLP

Amsterdam, 8 September 2015 - The suspension of payments for Imtech Industrial Services B.V. was terminated today, after a week and a half, and converted into bankruptcy. A majority of the approximately 900 employees can now start work with various buyers of Imtech Industrial Services assets and operations:

  • The trustees reached agreement with Kentech on the acquisition of the operational activities at the Shell Pernis and Shell Moerdijk locations. This safeguards the jobs of around 180 employees. The Irish family-owned company Kentech has activities around the world and also carries out the maintenance and turnaround activities at various foreign Shell locations. The move also means that some 165 freelancers from the flexible part of the Imtech Industrial Services workforce can continue to work at the Shell locations.
  • The trustees reached agreement with Verwater and its shareholder Infestos on the acquisition of the Imtech Industrial Services operations at the Amsterdam and Coevorden locations. This safeguards the jobs of some 230 employees. Verwater operates as a contractor in the construction and maintenance of petrochemical storage tanks.
  • The trustees reached agreement with Convoi on the acquisition of the Imtech Industrial Services operations at the Kerkrade and Roermond locations. This safeguards the jobs of around 80 employees. Convoi is globally active in the field of industrial installation, industrial relocation and project relocation.
  • The trustees reached agreement with Cegelec on the acquisition of the Imtech Industrial Services operations at the Goes location and at Kuwait Petroleum. This safeguards the jobs of some 80 employees. Cegelec specialises in building-related techniques under the name VINCI Facilities.
  • The trustees are still in talks on the transfer of the operations at the Amersfoort, Leeuwarden and Drachten locations.

Trustee Jeroen Princen on the transactions: "It is very gratifying to see how highly the market values the technical qualities of the Imtech employees. We have talked with many interested parties and are pleased that we have been able to safeguard so many people's jobs with these transactions."

Imtech Ireland
The trustees of Imtech Group UK B.V. have sold and delivered the shares in Imtech Suir Engineering Ltd. (Imtech Ireland) to the English private equity fund Endless LLP. Imtech has some 625 employees in Ireland.

Imtech UK
Endless LLP has acquired the shares in the England-based Imtech companies via a prepack. Imtech Water Waste & Energy Ltd has been declared bankrupt due to major losses. This resulted in the loss of 40 jobs.

The transaction with Endless LLP has safeguarded a total of some 2,600 jobs at Imtech UK and Ireland.

Furthermore, ongoing negotiations on the sale of the shares in Imtech Spain, Imtech Luxembourg and Imtech Poland are already at an advanced stage.

Media contact information:
Citigate First Financial
Suzanne Bakker / Vivian ten Have
T. +31 (0)20 575 4010
E. suzanne.bakker@citigateff.nl / vivian.tenhave@citigateff.nl

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