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

  • Siemens awarded TfL maintenance contracts
    August 27, 2014
    Siemens is to maintain traffic control equipment in the north and north-east London regions under two new traffic control maintenance services contracts awarded by Transport for London (TfL). The contracts represent two of the five contracts that will see London’s traffic signals upgraded to the latest energy-saving technology, as well as expanding the use of intelligent traffic signals and new crossings for pedestrians and cyclists. Worth in total around US$525 million for up to eight years, the five co
  • Congestion charge: Big Changes in the Big Apple
    July 11, 2023
    New York City is falling in line with other major global cities in charging drivers for using its streets, writes Adam Hill: the Central Business District Tolling Program is on its way. Probably
  • How can your business plan for the worst?
    May 12, 2022
    Covid and extreme weather events have recently shown that disruption to our lives and daily routines can come suddenly, and on a staggering scale. Roger Leyland of ISN Solutions outlines what can be done to ensure continuity for agencies and businesses
  • Missouri’s smart solution for rural road monitoring
    July 7, 2017
    David Crawford sees how Missouri is using commercially available information to rapidly improve monitoring and driver information on rural highways. Missouri is a predominantly rural state with the second largest number of farms in the country and agriculture the main occupation in 97 of its 114 counties. US statistics starkly reveal how road accidents in rural areas tend to be more serious than in urban regions and of the 32,000 US motorists killed each year, 54% die on roads in rural areas even though onl