Adventure riders can breathe a sigh of relief now that famed German motorcycle accessory company Touratech has been bailed out of a voluntary insolvency.
Touratech filed for insolvency in August this year after an increased demand in sales saw them unable to fulfil many orders – attributed mostly to the late completion of their new factory and showroom.
The new owner is interior design and accessory manufacturer Happich who take over on January 1, 2018.
“Over the past two years we’ve seen a rapid growth in the adventure market, and that has required Touratech to ramp up their production of parts to cope with demand,” he said.
“However, we are happy to report supply has been improving, we absolutely support the restructure process, and be assured it’s business as usual for production in Germany, and for Touratech Australia.”
Under the ownership change, there will be no job losses, and the company will continue to operate in its current location at Niedereschach, Germany.
It seems the reason for the financial difficulties was a move to a new €10 million logistics centre due to increased demand for product.
The associated difficulties with logistics and production as well as the considerable production and supply losses led eventually to insolvency.