A bankruptcy proceeding was initiated on Monday at the Regional Court of Wiener Neustadt for H & B Holding GmbH, based in Münchendorf, Lower Austria. According to KSV1870 and AKV, the liabilities outside the corporate group amount to approximately 14.2 million euros. Around 70 creditors and three employees are affected by the insolvency, the credit protection associations announced in press releases on Tuesday. An orderly liquidation is planned.
The company functioned as a holding company. The subsidiaries were operationally active – Heavylog Transport & Logistik GmbH was primarily active in the special and heavy transport as well as storage business sector, while XL-Kranlogistik GmbH rented and serviced tower cranes. The economic crisis in recent years has reportedly led to the insolvency of all companies in the corporate group. Claims against affiliated companies amount to approximately 6.7 million euros according to AKV. Claims can be registered until January 29, 2026, and the report and examination meeting is scheduled for February 12.
(APA/Red.)
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