Germany’s oldest motorcycle manufacturer has been rescued from insolvency by a Management Buy Out.
Sachs Fahrzeug- und Motorentechnik GmbH is the successor company of the Nuremberg-based Hercules Werke GmbH, which was established in 1886, making this year its 120th anniversary.
The company became insolvent in June 2006 following a huge pensions' liability problem the current management inherited.
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But Sachs has managed to pull itself around and is even producing new models, including the new XTC125, which was unveiled at the Intermot fair in Cologne last month.
Keith Davies, Managing Director of 3X, who distribute Sachs in the UK, said: “This is the best news we could have hoped for. We have continued to support Sachs during this difficult time and they have maintained their excellent service levels.”
The six-speed X Road 125 has just arrived in Britain with new models set to follow in the not to distant future.