SONOVTS has been saved and intends to start again with a new investor

SONOVTS has been saved and intends to start again with a new investor posted: 20/02/2019

Insolvency administrator Stefan Waldherr creates continuity solution for business operations within eight weeks

Just eight weeks after filing for insolvency, SONOVTS, an international specialist in transmission technology and equipping broadcasting studios for major events, has long-term prospects once again. We managed to bring negotiations with a new investor to a successful conclusion as quickly as possible. As a result, all business operations can be continued at the current site and jobs can be preserved in Eching. We are also in a position to continue all customer orders and projects without interruption, said CEO Franz Olbert and insolvency administrator Stefan Waldherr of JAFF Rechtsanw lte Insolvenzverwalter (Lawyers and Insolvency Administrators) today.

Having only just moved to its new premises in Eching in December, the company filed for insolvency in order to put the business on a new, commercially stable footing again. We achieved it in record time. Business operations will move to the newly established SONOVTS Media GmbH, which is backed by a private inves-tor. SONOVTS Media will also be taking on the employees and the ongoing pro-jects, according to CEO Stefan Kr mer.

Together with insolvency administrator Stefan Waldherr, he also informed the employees on site of the latest developments. It is the best possible solution, not only in the interest of the employees but also the creditors and customers, said lawyer Stefan Waldherr, explaining the situation to the employees.

Thus, SONOVTS remains an internationally sought-after partner for transmissions of major sporting and political events. With the new investor we can now make a fresh start with renewed energy, said CEO Franz Olbert.

Further information

Stefan Waldherr is a lawyer specialising in insolvency law. He has worked as an insolvency administrator since 1992 and he heads the offices of JAFF Rechtsanw lte Insolvenzverwalter in Nuremberg and Landshut. He is regularly appointed as an insolvency administrator or trustee by a large number of insol-vency courts throughout Bavaria. Recently he was significantly involved as a trus-tee in the successful financial recovery of Meiller GHP, the market leader in indi-vidualised customer communication and dialogue marketing in Europe. The dis-trict court of Landshut appointed him as the insolvency administrator for sonoVTS GmbH.

JAFF Rechtsanw lte Insolvenzverwalter has been one of Germany's leading law firms in the areas of insolvency administration, insolvency law, and procedural law, in particular in complex and cross-border procedures, for more than two decades.

For more information please contact:

Media contact for the insolvency administrator: Sebastian Brunner tel.: +49175/5604673

email: sebastian.brunner@brunner-communications.de

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