Adventure motorcycle accessory pioneer, Touratech-AG, signed an agreement with German Investor, Happich GmbH earlier this week. The deal is set to commence in the coming weeks, giving Touratech a new beginning on January 1st 2018.
In August, Touratech-AG entered into a financial reorganization using the German insolvency laws to protect the company from creditors. The process is similar to a Chapter 11 reorganization in the USA. As a part of this effort, production has been streamlined and the product range narrowed to improve output. The company also required an investor to help settle debts with creditors and provide the working capital needed for future operations.