KSR Group restructured
The Austrian KSR Group GmbH has successfully completed its restructuring proceedings following its September 2023 filing application for administered restructuring proceedings.
The court lifted the external administration proceedings of KSR Group in December 2023 and approved the restructuring plan. The creditors' meeting had previously approved the restructuring measures with a large majority.
This cleared the way for a fresh start for the Gedersdorf, Austria based company, with over 140 jobs retained and sales in key core markets in Europe sustained.
"The foundation for a successful future has been laid," said Michael and Christian Kirschenhofer, managing directors of KSR Group GmbH.
"This was made possible, on the one hand, by the willingness of our business partners to cooperate and, on the other hand, by the great support of our employees. We would like to thank everyone involved for their trust and can now be full of optimism for the next steps."
In order to be able to adapt more flexibly to the economic conditions, KSR Group GmbH is being reorganised. Austria, Germany, Switzerland, Italy, Greece and Belgium remain as core markets in the mobility sector; other countries will be handled via importers in the future.
The reduction of sales markets and sales brands creates leaner structures and greater cost efficiency. In global sales, the focus will be on the group brands “Malaguti” and “Brixton”.
Before running into its recent difficulties, the company, which was founded by the Kirschenhofers some 25 years ago, had been selling around 60,000 vehicles a year. It owned, licenced or managed some 15 motorcycle, scooter and broader powersports vehicle brands (additionally including Motron, Lambretta, Italjet, NIU and CFMoto Off-Road).
It had been selling through some 2,300 dealers in 60 countries worldwide and with offices in Greece, Italy, Spain, Switzerland, Belgium and the Netherlands, as well as its head office in Austria.
