MBO rescues German motorcycle manufacturer Sachs
8th November 2006 - autoindustry.co.uk
Sachs Fahrzeug- und Motorentechnik GmbH, Germany’s oldest motorcycle manufacturer, has been rescued from insolvency by a management buy out completed on 3rd November. Sachs is the successor company of the Nuremberg-based Hercules Werke GmbH, which was established in 1886, and makes small motorcycles and has long been a major supplier of small engines to third-party motorcycle makers.
Insolvency proceedings which began at the end of June this year were triggered by pensions liability inherited from Hercules bicycle manufacturing business which Sachs acquired in the 1960s. Sachs’ operations will continue from its existing location. It is represented in the UK by distributor 3X.
MBO rescues German motorcycle manufacturer Sachs
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MBO rescues German motorcycle manufacturer Sachs
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