With Körber AG and the investors’ group headed by Orlando Management AG having reached agreement on reacquiring the shares in Papersystems and its subsidiaries E.C.H. Will, Kugler-Womako and Pemco, an important prerequisite was created at the beginning of this month for the aversion of insolvency and for a positive outlook for the three companies.

“This is a very remarkable success,” says Berthold Brinkmann, who has been accompanying the Papersystems group as its temporary trustee during the past three months. “In practice only very few firms manage, within the short duration of the insolvency protection proceedings, to set up an effective financial rescue plan and concept for the future without having to commence actual insolvency proceedings.”

The CEO of the Papersystems group, Alexander Wassermann, explains the future strategy: “After this exhausting period all three companies can now look ahead with their old parent company Körber at their side. And in the future too, the group will be continuing to offer its customers worldwide the comprehensive product portfolio to which they have become accustomed. But we have also understood the message of our customers and will continue to concentrate more on machine upgrades and retrofits, spare parts and technical services.”