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

  • Reauthorization 2012: the facts laid bare
    September 12, 2012
    A reauthorization bill for transportation came into law in July 2012, rubber stamping federal funding increases through the 2014 financial year, among other things. The new bill presents the good, the bad and the ugly of transportation infrastructure in the US, writes Pat Jones On June 29 this year, the US House of Representatives and Senate both approved the conference report on the ‘Moving Ahead for Progress in the 21st Century Act’ or MAP-21. President Obama signed this legislation into law on July 6.
    Read More
  • Speed reduction measures - carrot or stick?
    January 23, 2012
    In Sweden, marketing company DDB Stockholm employed a mock speed camera as part of a promotional campaign for automotive manufacturer Volkswagen. The result was worldwide online interest and promotion of the debate over excessive speed to the national level. A developing trend in traffic management policy is to look at how to induce road users to modify their behaviour by incentivising change rather than forcing it through the application of penalties. There have been several studies conducted into this; an
    Read More
  • Kapsch ‘opens the way’ to interoperability
    July 30, 2013
    Richard Turnock, chief technology officer of Kapsch TrafficCom North America explains what advantages its newly-opened TDM protocol can offer as a US-wide standard for tolling interoperability. The electronic tolling industry across the United States is evolving. Historically it was characterised by clusters of interoperability where a motorist may be able to use the same transponder across a large area, such as the 15-State E-ZPass system, or be confined to a single State system. Now, however, the industry
    Read More
  • Sensys Gatso Group reorganises
    August 21, 2015
    Following the acquisition of Gatso, the Sensys Gatso Group has announced its new organisational structure, with the creation of two separate business units: The Systems business unit comprises the whole systems organisation, consisting mainly of the existing operations in Sweden and the Netherlands as well as the sales offices in Germany, Singapore and the United Arab Emirates. The unit will be headed by Göran Löfqvist, who has worked for Sensys for 15 years, as executive vice president Systems The Ma
    Read More

Highlighted Content