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

  • Jenoptik expands Asia-Pacific business
    January 31, 2013
    German optoelectronics group Jenoptik is expanding its business in the Asia-Pacific region with the acquisition of 100 per cent of Australian company DCD Systems, a provider of traffic safety technology based in Sydney and Melbourne. DCD was previously the sales and service partner for the Jenoptik Traffic Solutions division in Australia; Jenoptik has maintained a close working relationship with the company for more than 10 years. Within the framework of the acquisition DCD Systems will be integrated into t
    Read More
  • Centralised traffic control, managing changing traffic demands
    January 23, 2012
    Paul van Koningsbruggen and Dave Marples of Technolution BV describe, using a national example from the Netherlands, how smart add-ons to traffic control centres combine to increase cross-centre capabilities and cost-efficiency. Increasingly, traffic management is becoming the natural partner of the civil engineer, improving flows over existing infrastructure to deliver an alternative to laying more blacktop. As in any emerging market, the first steps towards mature traffic management have not necessarily r
    Read More
  • New CEO for Swarco
    December 17, 2013
    Austrian-based traffic technology group Swarco has appointed Cees de Wijs as its new Chief Executive Officer. De Wijs, who has almost 20 years of experience in traffic and transport telematics across all transport modes, will take up his new position on 1 January. De Wijs, aged 45, is a Dutch national and holds a PhD degree in engineering from Delft University of Technology. He previously worked for Royal KPN Group and Logica where he was transport and logistics group director, responsible for the comp
    Read More
  • Real-world testing is needed in wake of VW emissions scandal, says expert
    November 18, 2015
    As vehicle manufacturers, regulators and governments around the world seek solutions to prevent another emissions cheating scandal similar to the Volkswagen case, a major vehicle emissions inspection company has compiled and analysed on-road emissions data indicating that emissions violations of vehicles under real-world driving conditions may well go far beyond VW diesels. Opus Inspection says a two-pronged approach that continuously monitors real-world emissions is the only effective remedy. Lothar Ge
    Read More

Highlighted Content