Imtech: Investigation past issues

Dienstag, 04.11.2014 19:35

Since the discovery in February 2013 of past irregularities Imtech has adopted a policy of actively investigating issues that are brought to its attention from time to time, communicating openly on findings if warranted and always cooperating with authorities if applicable. In general these issues relate to the past. Often Imtech is not able to comment on speculation in the media, in particular when issues are being brought to the attention of the media prior to the conclusion of the investigations.

This is also the case with allegations of possible competition law violations in the period 2008-2010 which Imtech received recently through a whistleblower on two projects in the Energy sector performed by the German organization. Investigations were immediately started by our GRC (Governance, Risk and Compliance) department, assisted by external investigators and advisors. So far the investigations have not confirmed competition law violations. However, the investigations are still ongoing.

Unfortunately, issues or allegations from the past might continue to come up. That is a reality that Imtech has to deal with. It is the firm commitment of Imtech's new management to properly deal with these legacy issues.

More information

Media: Analysts & investors:
Dorien Wietsma
Director Corporate Communication & CSR
T: +31 182 54 35 53
Jeroen Leenaers
Director Investor Relations
T: +31 182 543 504

Imtech profile
Royal Imtech N.V. is a European technical services provider in the fields of electrical solutions, automation and mechanical solutions. With approximately 23,000 employees, Imtech holds attractive positions in the buildings and industry markets in the Netherlands, Belgium, Luxembourg, Germany, Austria, 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 the Euronext Amsterdam.

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Source: Imtech via Globenewswire