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SonoVTS resolves insolvency with new investor

18/02/2019

The German company filed for insolvency in December

Dan Meier 3 hours ago

The German company filed for insolvency in December

target=_blank title=Share on LinkedIn class=share-linkedin> The German company filed for insolvency in December

https://www.tvbeurope.com/business/sonovts-resolves-insolvency-with-new-investor title=Share via Email class=share-email>

SonoVTS has acquired a new investor eight weeks after filing for insolvency, allowing for continued operations.

SonoVTS CEO Franz Olbert and insolvency administrator Stefan Waldherr, who was brought on board in December, said: We managed to bring negotiations with a new investor to a successful conclusion as quickly as possible.

The German transmission specialist moved to its new premises in Eching in December and filed for insolvency in order to stabilise the business.

We achieved it in record time, said CEO Stefan Kr mer. Business operations will move to the newly established SonoVTS Media GmbH, which is backed by a private investor. SonoVTS Media will also be taking on the employees and the ongoing projects.
LINK: https://www.tvbeurope.com/business/sonovts-resolves-insolvency-with-ne...
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