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

  • The delicate issue of pursuing toll evaders
    May 6, 2015
    Toll evaders create major problems for tolling companies – of which lost revenue is only one. Open road tolling maximises roadway capacity but non-payers create enforcement problems Toll road operators are increasingly employing open road or free-flow electronic tolling to minimise travel times.
    Read More
  • Integrating traffic management and tolling technologies
    April 25, 2013
    Jamie Surkont, head of road safety enforcement with Kapsch, outlines the company’s efforts to set up and align new traffic management business units with its more widely recognised tolling expertise The blurring of ITS applications’ edges brought about by systems’ increasing functionalities will ensure that many of the technologies which we have come to rely on for road and traffic management will find it increasingly difficult to exist or operate within tight market verticals. At the same time, systems man
    Read More
  • EU government joins forces with industry to transform road safety
    January 16, 2013
    The first V2X for Auto Safety & Mobility Conference, to be held in Frankfurt on 20-21 February, will bring together expert speakers from ITS UK, European Commission, BMW, Renault and Scania to devise a unified commercialisation and deployment strategy for vehicle and infrastructure technology to accelerate safety and mobility. Telematics Update, organisers of the conference, say that vehicle to vehicle communication will transform automotive safety, enabling deployment of effective active safety features fo
    Read More
  • Efkon innovates with I-to-I Reader for smart ANPR
    May 16, 2012
    Austria-headquartered Efkon has announced its latest innovation the Image to Information (I-to-I) Reader, an innovative product, which builds on technology proven in practice. As the company points out, the processes for the license number analysis and the camera control used by the I-to-I Reader have already been in use in car park and access management, toll enforcement and vehicle search worldwide. Latest components and a further development of the procedures now made it possible to offer all this in an
    Read More

Highlighted Content