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

  • Malaga first to trial Kapsch traffic optimiser
    April 16, 2021
    Variable message signs will display least-congested routes in the southern Spanish city
    Read More
  • Russia invests in ITS technology
    May 11, 2012
    Russia’s transport systems are developing on a grand scale with ITS central to the plans, thanks in no small part to a recently relaunched ITS Russia. Jon Masters interviews the organisation’s chief executive officer Vladimir Kryuchkov Over coming years many of the biggest deployments of new technology for transport are likely to be seen in Russia. For a political and economic superpower, the world’s biggest country has only recently started to harness ITS for the good of its transport networks. But the sca
    Read More
  • Need for balance on UK speed enforcement funding cuts
    February 2, 2012
    Trevor Ellis, Chairman of the ITS UK Enforcement Interest Group, considers the implications of the UK Government's decision to withdraw funding for road safety camera partnerships
    Read More
  • IRD announces strong third quarter, launches new products
    October 14, 2016
    Intelligent transportation systems provider International Road Dynamics (IRD) has announced solid financial results for the third quarter of 2016, with revenues up 16.0 per cent to US$36.6 million (CA$48.4 million) on growth in key North American markets and an increase in gross margin to 32.5 per cent. Nett earnings increased 27.5 per cent to US$1.6 million (CA$2.2 million). The company says it is in a strong financial position with working capital of US$10 million ($13.3 million). According to Terry Be
    Read More

Highlighted Content