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.
Their new logistics centre consists of three halls with an area of about 20,000 square metres.
Touratech AG history
Touratech AG began in 1990 with the development and production of performance, touring and protection accessories for motorcycles, particularly for long rides in difficult terrain and climates.
Company executives test their parts on long trips in places such as Tibet, Bolivia, Mexico and South Africa.
In recent years, Touratech has partnered with companies such as BMW and Ducati to develop special parts.
They also make rider gear for long tours in tough climatic conditions and have started a travel company.