Eight days before the coordination of the renovation plan of the motorcycle manufacturer KTM, which is hidden in the bankruptcy, is the next company near the Mattighofen Insolvent. A renovation process was opened with the Transport X GmbH from Straßwalchen through the personnel service provider of the KTM Museum.
The list of bankruptcies in the field of KTM became another company on Monday 17 February. A renovation process was opened with the transport X GmbH from Straßwalchen through the personnel service provider for the KTM-Motohall in Mattighofen. According to the Loan Protection Association of 1870, the liabilities of the company founded in 2018 are nearly 407,000 euros, the opposite of the assets of 33,000 euros.
Restructuring measures initiated in the summer
What is the fault of the bankruptcy? We are talking about an unprofitable cost structure that was originally created and led to liquidity problems. Restructuring measures were initiated in the summer of 2024, but it was no longer possible to avert the renovation process.
Company has only one customer with KTM Motohall GmbH
15 employees and 20 creditors are affected by the bankruptcy of transferring X GmbH. The company must be renovated and continued. It is planned to offer a quota of 20 percent. “With KTM Motohall GmbH, the applicant currently only has one customer. Because of the surpassed from the continuation, a divisible quota for the renovation plan offered should also be possible, ”said Petra Wögerbauer of KSV 1870.
Transport X GmbH is the seventh company, which has been broken in the KTM environment in the KTM environment in recent months. On November 29, 2024, the renovation processes were opened via KTM AG, KTM components GMBH and KTM Research & Development GmbH. On December 13, Vöcklabrucker Metallgießerei GmbH, a 100 percent subsidiary of KTM components GmbH, slid out bankrupt. On January 7, Pierer e-commerce GmbH and avovodo GmbH, also directly connected to KTM, submitted renovation applications. Two weeks later, RJ-Werkzeugbau GmbH received a KTM supplier: Bankruptcy!
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.
