Stuga Provides Stürtz Trading Update

Following on from the news of the insolvency proceedings in Germany of Stuga's parent company Stürtz Group, Ed Williams of Stuga has provided an updated on LinkedIn as to the progress of the restructuring of Stürtz Group:

As many of you will know, the Stürtz Group recently entered a restructuring process in Germany. I want to take a moment to share an update on progress, provide some context, and most importantly, reassure all our customers and partners here in the UK.

Investor process gaining strong momentum

The Board of Stürtz, together with PwC as advisors, are progressing a structured investor process. The interest we are seeing is very encouraging:

Over 30 serious investors are already engaged and have progressed beyond the initial stages.
Each has signed NDAs and is reviewing detailed business analytics.
The administrator has described this level of interest as well above average, which is highly positive.
Stürtz remains seen as a desirable group, backed by a €60M+ order book, a strong global brand, and more than 70 years of history.

The process is moving quickly, with non-binding offers due by the end of August, binding offers from a shortlist in early to mid-September, and the aim of reaching a conclusion by the end of September — a very ambitious but positive timetable.

What this means for Stuga and our customers

Here in the UK, Stuga continues to operate as normal. Our service, parts, and aftersales teams are fully engaged and delivering business as usual.

At the same time, we are taking steps to ensure continuity and resilience for all customers running Stürtz machinery. These include:

Coordinating training in Germany for software and controls.
Securing long-term access to IP, BOMs, parts lists and code (already requested and approved, pending final process completion).

These measures form part of our long-term journey to expand Stürtz machinery supply and support in the UK, ensuring that investing in Stuga and Stürtz machinery today is both secure and future-focused.

Perspective and confidence for the future

Restructuring processes like this are not unusual in our industry. In fact, Stuga has faced and overcome far tougher headwinds over its 40-year history. That experience gives us confidence in the Group's resilience and in the strength of our combined future.

With such strong investor interest, a substantial order book, and the Group's long-standing reputation, we believe Stürtz will emerge stronger, more agile, and well positioned for long-term success.

At Stuga, our commitment remains twofold: to provide stability and continuity for our UK customers, and to play our part in supporting the successful recovery of the Group as a whole.

We would also like to thank all of our customers, partners, and colleagues who have continued to place their trust in us during this period. Your support and confidence mean a great deal to the Stuga team, and to the Group as a whole.

We will continue to share updates as the process develops, and we remain available to answer any questions from our customers and partners.

Read the original article here: https://www.linkedin.com/pulse/update-from-ed-williams-st%C3%BCrtz-investor-process-auhlc/?trackingId=YVUXxZP4MDOxHnziiDnx0A%3D%3D