Nagel-Gruppe acquires insolvent Gehring

Nagel-Gruppe has completed the acquisition of the insolvent Gehring companies in Germany, including Gehring Technologies, Diato, and Gehring Production. The deal involves a significant workforce reduction: 111 of 345 employees in Ostfildern and 70 of 185 in Naumburg will not be retained.

“Leider war die Übernahme nicht ohne einen Personalabbau möglich.”teckbote.de

• 1 source
• teckbote.deDie Nagel-Gruppe übernimmt insolvente Firma Gehring - Rund um die Teck - TeckboteDec 16, 2020

Summarized from public sources; check the original articles before acting on it.