Sixty-six jobs have been lost at Imtech Water, Waste & Energy after administrators failed to find a buyer for the division following the insolvency of its Dutch parent company.
The division, which specialises in the strategic planning, design, construction and commissioning of mechanical and electrical systems, was excluded from a deal that secured the future of most of Royal Imtech’s UK and Ireland operations.
Now joint administrator PricewaterhouseCoopers (PwC) has announced that almost half of the 134 jobs at the Staffordshire-based division have been lost.
PwC said it had transferred 68 of the water, waste and energy division’s employees to joint venture partners on appointment in September, but other jobs could not be saved.
It said in a statement: “The joint administrators have been seeking a buyer for the remaining business but regrettably we have had to make a further 66 redundancies.
“We are working with those employees impacted by the redundancies to support them to process their claims during this difficult time.
“Having achieved a sale of certain of the intellectual property, the focus of the administrators will now be to maximise further realisations and to agree claims with the creditors of the company.”
PwC said that joint venture partners to which staff had been transferred included Laing O’Rourke and Galliford Try.
Separately, anaerobic digestion (AD) plant developer Tamar Energy said Imtech had been the principal contractor for its Hoddeston AD plant (pictured) and that it was taking over the role to see the facility through the commissioning process.
Private equity firm Endless confirmed the purchase of Imtech’s UK operations, minus the waste, water and energy division, on 2 September, adding its Ireland operations nine days later. The businesses have a combined staff of around 2,500.
It said the UK and Ireland businesses were profitable, and blamed “troubles at the German subsidiary” for Royal Imtech’s insolvency.