A new owner couldn't fix the problems. And now Goodtech Solutions, which made a living from robotics in the automotive industry, is going bankrupt after a month.
Just one month after the change of ownership, the Norwegian Goodtech Solutions, which made a living by selling robotic technology to, among other things, the automotive industry, has gone bankrupt.
This is stated by the owner Lazarus Industriförvaltning AB in a press release .
– We had honest intentions to try to save them. It is fundamentally a fine company with a lot of expertise, says Martin Alsander, Head of Information at Lazarus Industriförvaltning AB.
The Norwegian company has a turnover of almost a quarter of a billion kroner per year and employs 40 people. But bottom line earnings have not been able to keep up.
Not even under the new owners in Sweden.
Information chief hopes bankruptcy is a new beginning
According to Goodtech, which is still a Norwegian company, they do not want to comment much on the bankruptcy of the now former subsidiary.
But according to Lazarus's head of information in Sweden, there was a reason why the subsidiary was sold. It was a difficult business to make sustainable. And now it has proven to be too big a task.
The head of information in Sweden, Martin Alsander, hopes that a bankruptcy might be a fresh start. And that in this way, any healthy parts of the company can be restarted.
However, it has not been revealed who will ultimately lose money in bankruptcy. Boosted.dk is following the case.
Goodtech Solutions, however, states that it has bank guarantees for a total of 17 million Swedish kronor floating around. However, this money, which belongs to the customers, has not yet been claimed, it says.
Bankruptcy doesn't always mean permanent closure. Another giant in the automotive industry has just announced that it has found a new owner.
Despite a debt of a staggering 1.3 billion kroner, the company has been able to continue operating at the mercy of its customers since the summer of 2024. And now a real buyer has come forward. Read more about it here .
Others, like Goodtech, have chosen to divest themselves of fragile parts of their business. This includes tire giant Continental, which is now making its automotive division independent.
However, there is a huge amount of money involved in the 'divorce'. Furthermore, the Automotive department is guaranteed gigantic loans.
And Ford has actually done something similar. Ford in the US sold its Danish division to a private importer last year, and now it's the turn of its entire European headquarters.
In exchange for a capital injection of 33 billion kroner, Ford in Germany must accept that they are no longer a subsidiary that can have financial losses covered by the parent company in the US.
However, the many billions as a one-time payment have made unionists fear that Ford in Europe could go bankrupt.
