Touratech goes into Receivership
- August 12, 2017 at 2:43 pm #19085
It’s being widely reported today that high end motorcycle equipment manufacturer Touratech has gone into receivership, but is still trading at this time.
The original source for this news was published in german on alpentourer.eu https://www.alpentourer.eu/alpentourer-news/touratech-muss-insolvenz-anmelden/, A Google translated version is below.
Touratech AG , the southern German specialist for motorcycle accessories with worldwide branches, has filed for insolvency. Dirk Pehl was appointed as temporary insolvency administrator. However, business operations are to be continued unchanged.
According to the press release on Friday, the company’s approximately 400 employees were informed of the insolvency and the current status by the provisional insolvency administrator as well as by the Executive Board at a company meeting. According to the insolvency administrator, the wages and salaries are paid.
Dirk Pehl will use the phase of provisional insolvency to gain an overview of the economic situation of the company and to examine restructuring options. “Touratech has already devised initial principles for a rehabilitation concept with its consultants before the application for insolvency,” said Pehl after an initial survey. “The first thing to do is to implement the restructuring that has begun and to develop opportunities to put the company on a healthy financial and economic footing, so as to preserve location and jobs as much as possible.”
The reason for the insolvency is the late implementation of the new building, which was necessary due to increased demand. The associated difficulties with logistics and production as well as the considerable production and supply losses led eventually to insolvency.
The extent to which insolvency leads to redundancies and further drastic savings is not yet foreseeable. A probable scenario, however, is that the company is concentrating on its core competency, self-development, production and distribution of accessories for a variety of motorcycles. The products, which have been abundantly bought over the past few years, are likely to disappear from the supply.
During the Touratech Travel event in June, unrest among the employees was already felt. Even in the vicinity of Niedereschach, where Touratech is the most important employer, there were frequent financial difficulties. This is confirmed by the opening of the insolvency proceedings.August 13, 2017 at 3:36 pm #19112
Rank: 800cc Rider
- Location: Auckland
- Bike: R1200GS
This would be not only frightening but Incredible … One would think that by the amount of money and legion of followers they have they would be quite profitable…August 15, 2017 at 5:43 pm #19148December 10, 2017 at 8:17 pm #20443
Pending a number of final conditions being met Touratech will have a new owner as of January 1st 2018. Leading interior designer and accessory manufacturer for commercial and special vehicles Happich GmbH has invested in Touratech.
Happich GmbH stated they will “continue the previous business model of Touratech, and will preserve both the location and the jobs on site.” and that “Touratech complements our previous product portfolio perfectly.”
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