Gehring

The Nagel Group from Nürtingen will conclude a contract with lawyer Tobias Wahl, the insolvency administrator of the Gehring Group, to purchase the Gehring Group. The takeover is to be completed shortly in the course of the year. This will create the preconditions for overcoming the insolvency of Gehring, which was opened in October, after a short period of time by means of the transferring restructuring. The restructuring of the Gehring Group, which was already planned before the insolvency, is to be negotiated with employee committees in the next few weeks under the new framework conditions. Gehring including the brand is to be retained as an independent unit.

The German Gehring companies have implemented the necessary adjustments in business operations within a short period of time with their provisional insolvency administrator after having filed for preliminary insolvency start of August. Strategically important customers and suppliers have expressed their trust and confirmed their continued cooperation.

By start of June 2020, the Gehring Group has completed the integration of its production technology portfolio for hairpin stators within its e-motive business unit.

Dipl.-Ing. Martin Winterstein (41) has joined the management board of Gehring Technologies Gmbh and assumes global sales responsibility for the Gehring Group as Chief Sales Officer (CSO). Besides honing technology, the focus will be on developing the activities in the e-mobility sector and further strategic initiatives.