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

  • Wireless technology aids city-wide traffic management
    October 10, 2012
    An extensive hybrid communications network in the County of Los Angeles is proving the capability and benefits of modern wireless technology for traffic management across wide areas. Wireless communications technology has found a welcoming test bed for use in traffic management systems, in the County of Los Angeles. The county has long running programmes synchronizing and monitoring traffic signals over large areas. In the process, combined with installation of advanced traffic management systems (ATMS), th
  • US DOT launches Infrastructure for Rebuilding America (INFRA) Grant Program
    July 4, 2017
    The Department of Transportation (DOT) has announced the Infrastructure for Rebuilding America (INFRA) discretionary grant program, which will make approximately US$1.5 billion available to projects that are in line with the Administration’s principles to help rebuild America’s infrastructure.
  • Safety issues fuel interest at PIARC’s tunnel conference in Lyon
    December 5, 2018
    1999’s fatal Mont Blanc fire means safety is a constant concern for tunnel operators. Alternative fuels and automated vehicles were also high on the agenda at PIARC’s first conference on the issue. David Arminas reports from Lyon – and walks the Croix-Rousse tunnel More than ever, tunnel management must be done in a holistic fashion. That was the message from André Broto, president of the World Road Associa-tion (PIARC) as he kicked off PIARC’s first International Conference on Tunnel Operations and Safe
  • White lines? Cyclists need more
    August 5, 2020
    Just painting lines on the road isn’t sufficient to persuade most people to cycle – you need to separate them from motor vehicles altogether. David Arminas talks to transportation engineer Tyler Golly about the Covid ‘wake-up call’