Electrocompaniet

Press release June 21, 2018 TAU, 21. june 2018

 

 
Electrocompaniet AS, as well as certain of its affiliates (collectively, the “Company”) filed applications to commence insolvency proceedings in Norway. The Company immediately ceased all operations and the courts have appointed insolvency practitioners Hammwervold-Pind to act as the independent administrator for Electrocompaniet AS.

Over the past several months, Electrocompaniet AS have been struggling financially and failed to reach an agreement on restructuring of debts with its major creditors which led to the bankruptcy. However, on June 21st, a group of investors led by Mr. Roy Gausaker purchased the estate, and the company and factory will be fully operational from Monday 25th.

“The group of investors are restructuring debts as well as bringing fresh capital to the company, which will give it a very strong financial position for future growth and product development moving forward.” – says Nils Arne Bakke COB of Electrocompaniet AS.

The management team will be augmented by √ėyvind Lundbakk taking over as CEO and Mikal Dreggevik taking the position as BDM. The rest of the team will be the same, and continue to produce, market and deliver the best HiFi products in its class. And as always, our slogan will continue to be “If music really matters....”
 
Viser electr-brev-pressemelding-press--c3511859c99e48fa8acb454ca498811f.pdf.

Press release June 21, 2018

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