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

  • Jenoptik to supply section speed control systems to Austria
    October 19, 2015
    Jenoptik Traffic Solutions is to supply the Austrian Freeway and Motorway Finance Corporation (ASFINAG) with its TraffiSection section speed control systems to improve traffic safety in Austria and regulate traffic jam situations, in particular in critical areas such as construction zones or tunnels. The company recently concluded new framework agreement ASFINAG for a five-year period, and includes mobile and stationary TraffiSection systems. Jenoptik’s laser scanner-based TraffiSection systems measur
  • Imtech awarded major Finnish motorway contract
    June 9, 2015
    In a contract valued at over US$11 million, Imtech Traffic & Infra is to implement the traffic control system and lighting for the E18 motorway in Finland. The contract, awarded by Finnish infrastructure company YIT Rakennus, includes detailed design, software development, communication network equipment, power supply, lighting and traffic control equipment for tunnel and motorway, tunnel safety systems, CCTV system, cabling, installation works, system commissioning and maintenance. Construction will
  • IRD awarded WIM maintenance contract in Pennsylvania
    July 20, 2016
    International Road Dynamics (IRD) has been awarded a US$4,618,555 contract from the Pennsylvania Department of Transportation (PennDOT) for the installation, calibration and maintenance of weigh-in-motion (WIM) systems across the state. This contract has an initial term of two years and provides an option for renewal for up to three additional years. PennDOT currently has 38 active IRD WIM systems that are covered under this agreement. Nine of these include overview camera systems. Data collection and pl
  • Cold efficiency
    July 24, 2012
    Tools to support operational decisions in winter maintenance can remove subjectivity and increase efficiency; Vaisala's Danny Johns talks about latest developments Even the presence of trees at the roadside can have an effect on temperature An effective Road Weather Information System (RWIS) network can save a local road authority or jurisdiction tens of thousands of dollars or Euros'-worth of labour and consumables in a single night. Get those winter maintenance operations right over just three or four nig