Gas Gas is safe after it has been confirmed that Torrot, a factory dedicated to electric motorcycles, has been awarded the bankruptcy in which Gas Gas has been since the beginning of this year.
The Mataró-based company has been the winner against the offers of IRG and the French Sherco, but Torrot has been imposed by its most advantageous conditions.
We can say that Gas Gas is saved after a few months of uncertainty and, in addition, stays in Spanish hands. The workers have also celebrated the news with joy since they interpret with this award that their jobs, or their location at least, are insured at the Salt (Gerona) facilities.
The news comes just before the start of the EICMA in Milan, where the brand will be able to face the distribution negotiations with the recent good news.
[actualización 17/11/2015, 9:10 am]
Next, we leave you the official statement from Torrot:
Torrot acquires Gas Gas.
Torrot has acquired the motorcycle manufacturer Gas Gas. Ivan Contreras, CEO of Torrot has drawn up an Industrial plan to raise Gas Gas and has closed an agreement with a financial partner, the Black Toro fund. In this way the start-up of Gas Gas is assured and the new industrial plan is launched immediately.
For Torrot, the acquisition of Gas Gas broadens the product range towards Off Road, broadens international commercial channels and reduces industrialization times. In this way, in 2016, some 3,000 Gas Gas motorcycles and 3,000 Torrot MUVI. In this way, the Torrot Group becomes the leader in motorcycle manufacturing in Spain.
Regarding Torrot’s decision to acquire Gas Gas, Ivan Contreras, CEO of Torrot clarified: “With the Gas Gas models, we want to expand the range to target younger customer groups as well as the off-road segment more quickly and effective. “
The 2 brands will operate simultaneously as they complement each other, Torrot directed to the Urban sector and Gas Gas directed to the Off Road sector. The industrialization and manufacture of these motorcycles will go directly to the Gas Gas plant in the facilities of more than 10,000 m2 in Salt, Girona.
After a year without selling Gas Gas motorcycles, we intend to start up the manufacturing plant in Salt modernizing it, optimizing processes and generating an industrial work system that allows the bikes to reach their customers in time and quality.
Ivan Contreras has designated as General Director of Gas Gas to Juan Lopez, former Business Development Director of Torrot. And like new General Director of Torrot to Alex Ballesta.
This new business acquisition coincides with the official presentation of the new Torrot MUVI electric scooter with smart technology at EICMA, Milan.
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