ALL CHANGE AT THE VOELKL COMPANY

The former Boehlerhochdrucktechnik has now acquired 100% of the traditional Leoben company, Voelkl.

A positive development for the traditional company in Leoben, since Voelkl had had to apply for insolvency in November of last year (as we reported).

The company's objective at that time was to carry out a programme of restructuring under its own management. "That means presenting a restructuring concept and having it accepted within 90 days", explains Franz Blantz of AKV EUROPA.

In November, those responsible at Voelkl were confident that financing the restructuring process could be accomplished; namely, with the support of a strategic partner. This confidence has now proven itself to be justified. The restructuring concept was presented this week. "We were delighted when this was also accepted by the court on Wednesday of last week," explains current acting CEO Roland Voelkl. Financing of the restructuring concept will be ensured by the 100% takeover by former Boehlerhochdrucktechnik (BHDT). "Because of the excellent order book, there were several interested parties," explains Voelkl. According to Voelkl, "The 100% takeover is a de facto sale of the company, although it will continue to operate under the Voelkl name, with future CEO Richard Muessler".

It is common knowledge that Voelkl has already separated itself from its metal engineering activity. The plant at Leoben has been closed. "We are still looking for a tenant for it," said Voelkl. Nonetheless, Voelkl bought a site in Niklasdorf in 2006 where they set up a centre of competence for tunnel construction and safety, as well as sheet-metal engineering. These sectors are considered to be the future mainstays of the company.

Voelkl stressed that the operational changes will have no repercussions for the employees. At present there are 65 persons in employment. "It is planned to expand and actually increase the number of employees", explains Voelkl.