Skip to main content

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

  • Suppliers reshape to provide tolling and traffic management expertise
    August 2, 2013
    Jason Barnes examines the trend towards single source supply of complete tolling and traffic management solutions with some senior tolling industry figures. Only a few years back, the major tolling system suppliers were aggressively positioning themselves as one-stop shops for tolling solutions and operations. No sooner has that little flurry of innovation settled than another trend has emerged – tolling companies wanting to become major ITS suppliers as well. Various tolling company seniors have in recent
  • Travel information is heading towards smartphones
    January 30, 2012
    Travel information services are undergoing a step change as rapid increase in sales of smartphones brings ITS technology to consumers' fingertips. A virtuous circle of expanding capability is under way in traffic and travel information services, promising much for drivers and reduction of road congestion. A recent rapid rise in sales of smartphones has boosted numbers of vehicles carrying GPS enabled devices and so brought expansion of traffic data available for analysis and dissemination. Greater numbers o
  • Update on autonomous cars: mastering city street driving
    May 14, 2014
    In a recent blog post, Google’s director of their self-driving car project, Chris Urmson has given an update on the technology that he says is better than the human eye. Google’s autonomous vehicles have logged nearly 700,000 miles on the streets of the company’s hometown, Mountain View, California. Urmson says a mile of city driving is much more complex than a mile of freeway driving, with hundreds of different objects moving according to different rules of the road in a small area. He claims that
  • Stop thinking and act on cooperative infrastructures
    February 2, 2012
    OmniAir's Tim McGuckin looks at why metropolitan transportation networks might be the key to securing the long-term funding of cooperative infrastructure