There hasn't been such good news about the KSR Group lately. There were rumours of insolvency proceedings and the supposed end of the Austrians. Now the renovation seems to have been successful. We publish here the official statement of KRS on the planned restructuring measures.
The Local Court of Krems an der Donau has dismissed the third-party administrative proceedings of KSR Group GmbH on 20 December and approved the recovery plan. Prior to this, the creditors' meeting the restructuring measures were adopted by a large majority. This paves the way for a restart of the Lower Austrian company based in Gedersdorf. Distribution in core markets in Europe. More than 140 jobs can be created on the location in Lower Austria, the number of employees is thus stabilising at the level of the pre-Corona period. The work of Dr. Christoph Sauer as Restructuring administrator ends with the court order. With immediate effect, the management can make business decisions independently.
For KSR Group, the successful completion of the restructuring process is due to its own financial Kraft possible, but positive talks with potential investors are currently underway.
"The foundation for a successful future has been laid. On the one hand, this was made possible by the willingness of our business partners to cooperate and, on the other hand, the great Supporting our employees. We would like to thank everyone involved for trust and can now take the next steps full of optimism," says Michael and Christian Kirschenhofer, Managing Director of KSR Group GmbH.
In order to be able to adapt more flexibly to the economic environment, KSR will: Group GmbH. Austria, Germany, Switzerland, Italy, Greece and Belgium will continue to be the core markets in the mobility sector, with further countries being expanded in the future. importers. The reduction of sales markets and distribution brands creates leaner structures and more cost efficiency. In global sales, the focus will be on the Group brands "Malaguti" and "Brixton". In addition to "Mobility", it will also continue to focus on the "Smart Products" as a second economic pillar.
On September 7, 2023, KSR Group GmbH filed an application with the Local Court of Krems an der Donau Restructuring proceedings with third-party administration requested. The procedure allows companies to in economically difficult times and to reduce debt. The Lower Austrian The company specializes in mobility solutions. Group brands and trademarks are exclusively through a close-knit dealer network.