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

  • OmniAir to design certification program for non-Kapsch readers and tags
    December 4, 2013
    The E-ZPass Group is to work with OmniAir Certification Services (OCS) to specify a testing program for ensuring full compliance of competitive equipment with E-ZPass readers and tags. OCS was hired by the E-ZPass Group for fees of around US$50,000 to detail the testing needed. The documents are due to be completed by the end of the year. Actual testing for certification will be negotiated by manufacturers with OCS-accredited testing firms. The move to certify additional suppliers’ equipment follows K
  • The cloud - the future of in-car telematics?
    February 28, 2013
    Fiat Chrysler product concept and infotainment director Pierpaolo Tona told the conference that the big car manufacturers need to organise their telematics approach around three key pillars – and the first one of those is people. “OEMs need to understand consumers and their needs better than they understand them themselves,” he commented. The second pillar, suggested Tona, is technology. “Technology is never for the sake of it. Choose the right technology with the right performance to fulfil every consumer’
  • Sanef wins Mersey Gateway Bridge Free Flow toll system
    April 28, 2014
    Sanef Group has announced the financial close of the Mersey Gateway project in the UK, after Halton Borough Council signed agreements with the Merseylink consortium for the construction and the maintenance of the new bridge and its associated toll system, as well as for the toll operation and demand management.
  • The twisting path to enforcement’s future
    June 5, 2014
    Survey reveals some division of views about enforcement’s future as Colin Sowman discovers. Technological advances and legislative changes pose many questions for those involved in road enforcement, ranging from the changing demands of privacy and data protection legislation to the practicalities on multi-speed enforcement. So to get the industry’s views ITS International took soundings on some of these bigger questions. In a world where many vehicles are fitted with GPS linked ‘black box’ telematics system