Imtech Water, Waste and Energy goes into administration
Imtech Water, Waste & Energy has gone into administration, leaving nearly 70 jobs at risk. PwC has been appointed as administrator.
Imtech WWE is in a number of joint venture partnerships with companies such as Laing O'Rourke and Galliford Try, and talks "are ongoing to secure employment for the people whose jobs are at risk".
It was announced in July that Imtech WWE had suffered a small number of loss-making contracts. A spokesman for Imtech UK said: "This, combined with big delays on the commencement of new projects, made it difficult to find financial support for the business on an ongoing basis. That's why it was left out of the deal with Endless."
Private equity group Endless is backing Imtech UK following the collapse last month of Dutch group Royal Imtech.
Imtech WWE's water sector customers include Southern Water, United Utilities and Severn Trent. Earlier this year, the LiMA joint venture between Imtech WWE, Laing O'Rourke and Atkins was awarded UU's £170M deal to upgrade Davyhulme Wastewater Treatment Works. Elsewhere, the Imtech WWE and Galliford Try alliance was one of three partners appointed to Southern Water's AMP6 programme.
Commenting on the news of Imtech WWE's administration, a spokesman for Laing O’Rourke said: "As our joint venture partner on a number of water projects, Laing O’Rourke is closely monitoring this evolving situation.
"Our priority is to continue delivering those projects to our clients and we have put plans in place to do just that. Work on our live projects continues. Laing O’Rourke will continue to liaise directly with its clients, staff and suppliers. We will not be making any further comment at this time.”
A Galliford Try spokesman said: “Galliford Try is currently in discussions with those individuals working within the joint venture who are affected by the administration process for Imtech UK’s water business, with a view to transferring them to complete the joint venture’s current projects. Looking forward, it is likely that Galliford Try will look to seek alternative partners to assist in future projects coming through the Southern Water framework.”
A Southern Water spokesperson sad: "Following the recent news about Imtech’s parent company, we are currently in discussions with our delivery partner GTM – a joint venture between Galliford Try and Imtech – to determine the next steps to ensure Southern Water deliver an efficient and effective AMP6 investment programme."
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