Austrian premium bicycle and e-bike manufacturer Simplon is back in financial trouble. Its production company, 2Rad Produktions GmbH — formerly Simplon Fahrrad GmbH — has filed for restructuring proceedings without self-administration at the regional court in Feldkirch. The parent entity, Simplon Bike GmbH, is not covered by the petition.
According to Austrian credit protection association KSV1870, preliminary liabilities stand at around €33.4 million, affecting 150 creditors and 54 employees. The company intends to propose a new restructuring plan offering creditors a 20 percent quota payable within two years, though the plan has not yet been approved.
The filing marks the failure of Simplon’s 2024 rescue. The brand first entered insolvency in September 2024 with roughly €44.5 million in debt; creditors accepted a restructuring plan that December, and investor SOL Capital subsequently took over the holding company. With that plan now collapsed, old claims of about €28.3 million have been revived — €26 million of which is owed to a single main creditor. Management points to problems inherited from the takeover, including incomplete inventory that delayed order fulfillment and cost the company follow-up business.
For dealers and customers, key questions remain open, including the status of pending orders, deposits, spare parts supply and voluntary manufacturer warranties. It is also unclear whether a planned assembly line in Timișoara, Romania, ever started, or how much production continues at the company’s home base in Hard, Vorarlberg.
Source: wattmoves.de