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

  • Best laid plans
    March 22, 2012
    Colossal is not too bold a word to describe the scale of ITS developments currently under way in Europe. The European Commission’s ITS Action Plan has six areas of focus, each of which expands out into numerous projects involving a lot of leg work by various committees, working groups or consultants. Add to that the supporting work and research efforts of the many parts of Ertico (ITS Europe); plus each of the 27 European Union member states is working on ‘transition’ of the EU’s ITS Directive into their ow
  • Safe-driver training reduces costs, increases safety
    February 3, 2012
    Hermes, one of Europe's leading home delivery specialists, and part of the Otto group's European logistics division, estimates that introducing a range of safe-driving measures in its UK operations have contributed to a US$1.5 million cost saving to the business in the 12 months to April 2010.
  • Measuring vehicle lengths with a single loop - promising results
    July 27, 2012
    District 7 of Caltrans has been conducting trials to see whether the use of a single inductive loop to measure vehicle lengths and so identify heavy trucks is feasible. So far, the results have been very promising, according to Lead Transportation Engineer Steve Malkson. Between them, the adjoining ports of Los Angeles and Long Beach, the US's two biggest, cover some 10,700 acres (43km2) and 68 miles (109km) of waterfront.
  • Flexibility, interoperability is key to future traffic management
    February 3, 2012
    Jon Taylor of Faber Maunsell and Tabatha Bailey of Transport for London describe how an unusual mix of traffic practitioners, researchers and industry are working together to build new tools for the future. As we face higher expectations for managing congestion from both citizens and politicians, and as more and more data is becoming available from new sources, our traffic management challenge is changing.