The transport company Betz International is going to Aventra
The logistics company Betz International is finding a new owner in Aventra. What the sale means for the employees and the continued existence of the company.
Reutlingen, Germany - Financially troubled Spedition Betz International has been sold to Aventra as part of the insolvency proceedings, according to Insolvency Administrator Dirk Poff in Tübingen. Specific financial details were not disclosed. The transaction safeguards the overwhelming majority of jobs. The company is set to continue operations, serving clients from the automotive industry, precision manufacturing, and logistics sectors.
Aventra, according to their own statements, is a provider of road freight transport services. The Reutlingen-based company, previously reported to have had 140 employees, had been aiming for a revival through insolvency proceedings. In April, Betz International operated 72 vehicles. The company's insolvency application reflected a combination of seasonal weakness and unprecedented cost explosion in the logistics sector. The insolvency administrator has increasingly become a figure of reviving enterprises.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
