Last Financial Statement at A-Tec

IndustrialsIndustrial Goods ♦ Published: June 18, 2012; 17:39 ♦ (Vindobona)

The Austrian insolvent A-Tec Industries AG published its last financial statement. In 2011, A-Tec´s net income reached minus € 344m.

Last Financial Statement at A-Tec / Picture: © A-Tec

The insolvent A-Tec Group, which became insolvent in November 2010, announced its figures for 2011. Total losses amounted to € 344m. In 2010, A-Tec Group employed 12,000 workers and realized revenues of € 3.0bn.

After the insolvency, A-Tec´s divisions had to be sold. ATB was purchased by the Chinese Wolong Group, Emco was acquired by the Austrian Kuhn Holding. The Austrian…

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