ATB Sold to Chinese Wolong Group

Published: October 19, 2011; 17:48 · (Vindobona)

The Austrian ATB company, a former subsidiary of the insolvent A-Tec Group, goes to the Chinese engineering corporation Wolong.

ATB Sold to Chinese Wolong Group / Picture: © Flickr

A-Tec´s liquidator Matthias Schmidt today announced the sale of the engineering manufacturer ATB. The company is already sold and fully owned by Wolong. “Thus, we achieved an important step for the stability and the positive development of ATB.”, Schmidt commented. The quick decision has been essential, Schmidt adds.

For Schmidt, the selling price of ATB was “adequate,…

This article includes a total of 115 words.

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