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

  • Strategic road deals across India
    April 17, 2012
    A series of key highway projects will help transform India’s internal links as well as its connections to neighbouring nations. A new US$1.2 billion highway in India running through Ahmedabad-Udaipur-Kishangarh through the states of Gujarat and Rajasthan is attracting strong interest. So far 11 bids have been made including offers from a consortium comprising Belford-GVK, Soma-Isolux, Vince-Hindustan Construction, IRB Infrastructure (IRB)-Reliance Infra and Plus-Nagarjuna Construction. Other bidders include
  • Øresund bridges the front line for border crossing traffic
    September 15, 2016
    Timothy Compston considers the challenges faced by the operators of the Øresund Bridge between Denmark and Sweden, the largest structure of its kind across Europe. In light of the concerns about the ongoing security threat and the unprecedented flow of migrants, many of the countries that make up the Schengen Area in Europe have re-introduced border controls. For its part, Sweden has rolled out ID checks for train, bus and ferry passengers from Denmark placing the landmark Øresund Bridge very much on the fr
  • Control rooms adapt to tech changes
    July 8, 2019
    From IP-based systems to an increasing array of choice, traffic and transit management has changed a lot in the last few years. Adam Hill talks to some of the leading players in the control room business
  • EU rules extend the ‘long arm of the law’
    November 27, 2013
    New EU legislation allows authorities to collect fines from errant foreign motorists even after they have returned to their own country. New European Union legislation means drivers in many Member States can be prosecuted for breaking traffic laws when driving outside their home country. While not all the Member States will not be signing up to Directive 2011/82/EU facilitating the cross-border exchange of information on road safety related traffic offences, for those that do the deadline date to impleme