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

  • Imperatives to shape extended mobility ecosystems of tomorrow
    April 10, 2014
    New survey shows cities ill prepared to meet the increasing demand for urban mobility. Most of the world’s cities are ill-equipped to cope with the predicted increase in demands on urban travel – that is the stark finding of the second ‘Future of Urban Mobility’ study carried out by global management consultancy Arthur D. Little. Compiled in association with the International Association of Public Transport (UITP), the survey examines and rates urban mobility in 84 cities worldwide against an extended set o
  • Debating the future of in-vehicle systems
    December 6, 2012
    Industry experts talk to Jason Barnes about the legislative situation of current and future in-vehicle systems. Articles about technology development can have a tendency to reference Moore’s Law with almost indecent regularity and haste but the fact remains that despite predictions of slow-down or plateauing, the pace remains unrelenting. That juxtaposes with a common tendency within the ITS industry: to concentrate on the technology and assume that much else – legislation, business cases and so on – will m
  • Investing in ITS: Show us the money
    April 8, 2022
    The ITS industry is currently attracting a lot of interest from private equity and venture capital providers. Adam Hill asks some of the people who have their eyes on the market what makes it such a good bet
  • Stop thinking and act on cooperative infrastructures
    February 2, 2012
    OmniAir's Tim McGuckin looks at why metropolitan transportation networks might be the key to securing the long-term funding of cooperative infrastructure