Imtech reaches final agreement with its main financiers

After the identification of the irregularities in Germany and Poland, it became clear that Imtech was not going to meet its year-end 2012 financial covenants. On 19 March 2013, Imtech reached agreement with its main financiers on the provisional continuation of the outstanding facilities, and on 15 June 2013, the company reached final agreement with its main financiers regarding a waiver and amendment agreement for the outstanding facilities.
June 17, 2013 Read time: 1 min
After the identification of the irregularities in Germany and Poland, it became clear that 769 Imtech was not going to meet its year-end 2012 financial covenants.

On 19 March 2013, Imtech reached agreement with its main financiers on the provisional continuation of the outstanding facilities, and on 15 June 2013, the company reached final agreement with its main financiers regarding a waiver and amendment agreement for the outstanding facilities.

The main financiers will continue to make their current facilities available, under conditions customary in these circumstances. Reaching this agreement is an important step and as a result, the 2012 financial statements can now be finalised and announced shortly. Further details will be announced with the annual accounts 2012.
Urban Traffic Control

For more information on companies in this article

Related Content

  • Imtech demonstrates full range of traffic management solutions
    February 26, 2014
    The Traffic & Infra division of Imtech, the global, Netherlands-headquartered, technical services and ICT company, will be exhibiting a vast array of transport related solutions and services from across Europe, North America and Brazil. The division, which has grown through the acquisition of traffic management and parking systems companies, including Peek and WPS, specialises in transportation infrastructure and will be demonstrating innovative solutions for traffic management, safety, intelligent transpor
    Read More
  • RFQ for Knik Arm Crossing toll bridge in Alaska
    April 19, 2012
    The Knik Arm Bridge and Toll Authority (KABATA) has issued a Request for Qualifications (RFQ) for concessionaires to design, construct, finance, operate and maintain the Knik Arm Crossing under an availability payment public-private partnership. Statements of Qualifications (SOQ) are due 15 September, 2011 at 4:00PM Alaska Daylight Saving Time. The RFQ can be downloaded at http://notes4.state.ak.us/pn/pubnotic.nsf or interested parties can receive the RFQ by contacting Michele Casey at michele.casey@alaska
    Read More
  • Preparations building for French national truck toll
    September 12, 2012
    The Autostrade led Ecomouv consortium is developing the next big system of truck tolling likely to be introduced in Europe – France’s ‘Eco-tax’. Jon Masters reports. Since October last year, a consortium of companies has been working on developing the technological and administrative systems necessary for a national system of truck tolling in France. Eco-tax, France’s truck toll, is not necessarily going to be implemented. The Ecomouv consortium has been set up as a long term concessionaire, but so far only
    Read More
  • ITS America announces call for participation for 23rd annual meeting & exposition in Nashville
    September 20, 2012
    The Intelligent Transportation Society of America (ITS America) has issued its call for papers and presentations for consideration for its 23rd Annual Meeting & Exposition, to be held at the Gaylord Opryland Resort and Convention Center in Nashville, Tennessee from April 22-24, 2013. ITS America is looking for high quality contributions to the technical program; content selected will further the discussion about state-of-the-art transportation technologies or offer a fresh outlook on the policy, financial,
    Read More

Highlighted Content