Automation solutions, fully automatic cargo of machines, digital twins that were used in developing new solutions – these are all SRW special areas. Now the manufacturer of the plants is looking for a good solution for himself. After three companies in the group had already gone bankrupt, the holding went out now.
SRW Solutions GmbH was slip into bankruptcy on 21 February and was already closed with the blessing of the Constitutional Court Wels, at SRW Services GmbH and SRW Automation GmbH The renovation procedures are active – and now the Holding Company is also affiliated with the three companies a business for the mass manager.
3.58 million euros in debts
A renovation process without self -administration was opened on Tuesday via SWR who holds GMBH in Vorchdorf, reports the Austrian Association Creditreform. According to the Protection Association creditor, the obligations of society amount to around 3.58 million euros. About 50 creditors and four employees are affected by bankruptcy.
What did the company slip? According to the bankruptcy application, the company, founded in 2016, would have received a large order from Fronius to produce a production factory in 2019. There were various technical problems, Corona Pandemy increased the Problems-Oustomy Ucueer Fronius resigned from the contract.
Bank loans could no longer be operated
At the same time, even after the pandemic, the company did not leave as hoped, the acquisition of new customers was difficult. Because it was no longer possible to operate the bank loans, there was now no other way out than the request for opening the insolvency procedure.
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.
