Transport carts that are standing in the partly abandoned hall are being auctioned, but also garbage cans, mattresses, tools and armchairs are on offer! After the closure of bicycle manufacturer WSF Bicycle Technology GmbH in Regau (Upper Austria), the remains of the contract manufacturer are now going under the hammer online.
In early July, WSF Bicycle Technology GmbH in Regau, which had gone bankrupt, ceased its activities, and most recently there was a financial crisis at the regional court in Wels over the contract manufacturer, which served as an extended workbench for bicycle manufacturers.
Conclusion: To date, trustee Klaus Schiller has acknowledged claims amounting to EUR 1.38 million, as the Credit Protection Association informed the creditors he represented in 1870.
Now money must also be raised via an auction. After Schiller had already offered 210 positions that could be purchased directly from his office, there is now an online auction on the platform aurena.at.
839 items are being auctioned
A total of 839 items will be auctioned on Monday, August 12: from Mercedes panel vans, to tools and armchairs, to garbage cans and transport carts in the most diverse designs. The photos on the auction platform show how empty the halls in which WSF Bicycle Technology GmbH had its production are.
Inflation and decreased buying enthusiasm resulted in high inventories
The rise of bicycles and e-bikes and the difficulties in supply chains convinced the founders that they could build a successful long-term business that produces for others. But the sharp drop in demand due to inflation and the associated high inventories at dealers and suppliers held WSF back. The bankruptcy petition was filed on April 24, 2024.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
