Update on Royal Imtech

Further to its recent press releases, Royal Imtech has announced that negotiations with its financiers have not resulted in an agreement on additional financing. Royal Imtech will continue to evaluate the situation and its consequences and is considering options to preserve as much of the group as possible and will update the market as soon as possible if and when further decisions are made.
August 10, 2015 Read time: 1 min
Further to its recent press releases, Royal 769 Imtech has announced that negotiations with its financiers have not resulted in an agreement on additional financing.
 
Royal Imtech will continue to evaluate the situation and its consequences and is considering options to preserve as much of the group as possible and will update the market as soon as possible if and when further decisions are made. 

For more information on companies in this article

Related Content

  • ITS can only progress at the speed of public acceptance
    May 24, 2013
    The ITS sector is one of the younger and more dynamic industries in the economy and I am lucky enough to take the helm of ITS International at a point where the industry is in one of its most interesting phases. The technology is both established enough to show proven results and yet young enough to not fully know what the end game will be. It does not have the uniformity usually seen in older industries, while at the same time the bene ts are there – even if they are not always immediately evident to poli
    Read More
  • Cellular communications drive the way forward for tolling
    January 18, 2012
    For more than 20 years prior to joining the ITS industry, Mike Payne of Idris, part of Federal Signal Technologies, worked for Vodafone - the world's biggest mobile operator. Here, he considers how the road tolling sector can grow and learn from the cellular industry. The global cellphone has been one of the most successful collaborative technology projects in the last 30 years. Mobile phone technology developed throughout the 20th century with the first public service in the early 70s. This was followed by
    Read More
  • ETSC welcomes EU plans for safer cars, vans and lorries
    December 20, 2016
    The European Commission has published a list of 19 lifesaving safety technologies that could be made mandatory on new vehicles in the next update of EU vehicle safety rules expected next year. The European Transport Safety Council (ETCS) welcomes the announcement but says several critical areas for action are missing, and the proposed timescale is far too long considering that most of the technologies are already available. ETSC says 26,000 people die on European Union roads annually, with at least
    Read More
  • Transcore challenges perceptions, targets broader markets
    December 13, 2012
    In August this year, Tracy Marks took over the presidency of TransCore, succeeding John Simler, who has moved on to other roles within parent company Roper Industries. A 19-year veteran of the company, Marks describes himself as having been groomed for the job. Previously responsible for TransCore’s Southern region in the US, he also took on a series of roles, including the top job at United Toll Systems, as part of moves which were carefully choreographed to prepare him for where he is now. The appointmen
    Read More

Highlighted Content