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

  • Iteris sells its vehicle sensors business
    January 27, 2012
    Iteris has signed a definitive agreement to sell its vehicle sensors business to Bendix Commercial Vehicle Systems, a member of Knorr-Bremse Group. The sensors business encompasses a portfolio of vehicle active safety systems including lane departure warning, forward collision warning, and blind spot warning, as well as SafetyDirect software that analyses real-time driver performance. “The divestiture accomplishes two objectives,” said Abbas Mohaddes, president and CEO of Iteris. “It enables us to concentra
    Read More
  • Cities’ quandary over air quality
    October 20, 2014
    Transportation professionals have always made the safety of drivers, other road users and pedestrians their top priority with congestion and other considerations further down the wish list. Now, however, it is not enough to prevent motorists, cyclists and pedestrians being injured in traffic accidents as it appears transport professionals’ responsibilities must go much wider – to the public in general. The OECD has calculated that road traffic related air pollution kills more than three million people per y
    Read More
  • The growth of ITS service solutions providers
    July 26, 2012
    Econolite's new subsidiary Aegis ITS has been set up to address the increasingly complex and exacting needs of agencies in the ITS sector. Chief Operating Officer Doug Terry talks about the evolution to service solution provider. A few very notable and honourable exceptions notwithstanding, it is these days becoming increasingly rare to find a public agency which develops its own traffic management systems. Indeed, most now rely on specialist manufacturers and suppliers to fulfil their needs. This has the h
    Read More
  • TfL cycle superhighways plans will still disrupt traffic, says FTA
    January 28, 2015
    The Mayor of London, Boris Johnson, has set out final plans for the construction of Europe’s longest substantially-segregated urban cycleways, the centrepiece of his US$1.3 billion commitment to get more Londoners on their bikes. Subject to approval by Transport for London, construction of the routes will begin in March. Two continuous cycle routes, almost completely separated from traffic, will cross central London from east to west and north to south, opening up thousands of new journey opportunit
    Read More

Highlighted Content