Votec Files For Insolvency

KARLSRUHE, Germany (February 12) - The management of SVB-Fahrradtechnik GmbH, owners of the Votec brand, have applied for Insolvency at the Court of Karlsruhe, Germany. Mr. Schmidt-Thieme of the solicitor's office Hack & Hoefer has been appointed as receiver. Votec makes high- end mountainbikes for the non-competition market, meant for those who can afford an

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