Gas
Gas UK Ltd Official Update:
Gas Gas UK Ltd have been informed that on Monday the 18th May, Gas Gas
Motos, S.A. filed for insolvency on the Spanish courts.
In spite of all efforts to find a solution to the current financial
situation and re-structure the company, to date none has been found. In the
coming weeks a court appointed trustee will take control of the company, but
until that date, efforts continue to secure the investment required.
In the event this fails, the court appointed trustee will see that the
company is sold and we believe several parties are already involved in
negotiations behind the scene to acquire the company as a going concern.
In the meantime the Gas Gas spare parts department is still operational
and we are still receiving regular deliveries from the factory. We have big
stock of spares and if GG can't supply certain parts we can buy direct from
the actual suppliers so we have no immediate problem supplying parts.
This is of course sad news for GGUK and the brand we have pushed since
1988. However, I do firmly believe that GG will NOT die and that new owners
will be eventually found. However, I now know this will take longer than
first expected. I was assured before I went to the SSDT from the current CEO
that production would recommence this month. The factory sent the truck to
Scotland and I was quite upbeat before the event.
We had a great event with two riders on the podium and winning the
Manufacturers Team award which proves we still have one of the best Trials
bikes on the market. It is for this reason i believe that GG will NOT die.
We, Gas Gas Motos Ltd (UK) are still here and are a healthy company and
will continue to supply all the Gas Gas dealers and owners out there with
spare parts and service for the forseeable future.
As soon as further information is available, a further update will be
issued.
Yours sincerely
John Shirt jnr.
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