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Following the approval granted yesterday by the creditors’ assembly, the purchase agreement for BEMO Systems Engineering GmbH based in Ilshofen has entered into force. This means that the solution achieved by Mr Michael Pluta at the end of 2017 can now be implemented and that the company can be sold to the investors. After completing a bidding process for the company, the contract was awarded to a group of investors headed by the company’s previous managing director Mr Hans Wiedemann.
On 21 December 2017, those responsible had signed the purchase agreement subject to approval by the creditors’ assembly. Now that approval has been granted, the group of investors can take over the full scope of the company’s business operations with effect from 1 January 2018. A total of 31 jobs have been saved. The buyer also agreed to preserve the company’s facilities in Ilshofen.
On 1 November 2017, the Local Court of Heilbronn had opened insolvency proceedings for BEMO Systems Engineering and had appointed Mr Michael Pluta as the administrator. The PLUTA restructuring team also includes the management experts Mr Reinhard Wünsch and Ms Martina Hengartner as well as the restructuring manager Mr Helmuth Rauscher. During the sales process, the insolvency administrator was given advice by the M&A experts from IMAP, who supported the transaction.