Skip to main content

Royal Imtech declared bankrupt

Royal Imtech has announced that it, Imtech Capital, Imtech and Imtech Group have been declared redundant as of 13 August. The group states that this does not affect its Traffic & Infra division. The group’s Marine and Nordic divisions have been set outside of the group under the control of Imtech's financiers with a view to their sale to third parties to ensure as much as possible the continuation of their businesses and the continued employment of their 7,300 employees. Imtech, with Visser and Smit
August 14, 2015 Read time: 1 min
Royal 769 Imtech has announced that it, Imtech Capital, Imtech and Imtech Group have been declared redundant as of 13 August. The group states that this does not affect its Traffic & Infra division.

The group’s  Marine and Nordic divisions have been set outside of the group under the control of Imtech's financiers with a view to their sale to third parties to ensure as much as possible the continuation of their businesses and the continued employment of their 7,300 employees.

Imtech, with Visser and Smit, is a member of the consortium building the Amsterdam north-south subway. According to Dutch broadcaster NOS, both companies are contractually obligated to continue work if one of the parties goes bankrupt, meaning that Visser and Smit will take over the project.

For more information on companies in this article

Related Content

  • House proposes US$10.5 billion eight-month highway bill
    July 10, 2014
    The US Government House Ways and Means Committee is proposing a US$10.5 billion, eight-month transportation funding bill to push the debate over road and transit spending into the next Congress. The proposal, which calls for a temporary extension of current transportation funding levels until 31 May 2015, comes as lawmakers try to come up with a way to replenish the Department of Transportation's depleted Highway Trust Fund before a predicted August bankruptcy date. The traditional funding source fo
  • Dutch ministers plan large-scale road testing of self-driving cars
    June 18, 2014
    Self-driving cars could appear on Dutch roads before long as the government is preparing regulations that will make large-scale public testing legal. According to Minister for Infrastructure and the Environment Melanie Schultz van Haegen who made the proposal, the age of self-driving cars has arrived and she wants the country to be ready to play a leading international role in the innovation: “Self-driving cars will make a positive contribution to the flow of traffic and to the safety of our busy road ne
  • Taking virtual control of the control room
    June 9, 2020
    When you can’t meet customers face to face, it creates problems for all businesses. But Adam Hill finds that the control room tech sector has been adapting
  • Microgrids & the new power generation
    August 31, 2021
    Public transportation agencies are turning to microgrids to provide critical resilience in the event of local and regional power interruptions. Gordon Feller looks at projects in Maryland, New Jersey and Massachusetts