Bankruptcy trustees De Keizer Marine Engineering achieve restart with Eekels Technology

TBI's subsidiary takes over supplier of system integrations for superyachts with retention of personnel

Zaandam, 1 November 2020 - De Keizer Marine Engineering, global supplier of system integrations for superyachts, is making a restart. Two weeks after the company was declared bankrupt, the bankruptcy trustees have reached agreement with Eekels Technology B.V., a subsidiary of TBI Holdings B.V., a technology company specialised in projects and maintenance, active in the maritime and offshore world. This will guarantee the retention of jobs for a large number of Dutch employees and the preservation of a global player in the superyacht industry.

The restart secures a future for De Keizer and other market parties
After the suspension of payment of De Keizer International B.V. and De Keizer Marine Engineering B.V., granted on 12 October by the District Court of Noord-Holland, the bankruptcy was declared on 15 October.

Bankruptcy trustee Rocco Mulder, Pot Jonker Advocaten: "We are delighted that we have been able to secure De Keizer's future in less than three weeks by means of a restart. De Keizer is a global player. As a result, the continued existence of De Keizer was also of great importance to many other market players. After intensive contact with eight interested candidates from the Netherlands and abroad, four of which ultimately submitted a bid, Eekels Technology B.V. emerged as the best takeover party. De Keizer's activities and ambitions fit in well with those of Eekels Technology B.V. The works councils of both companies also gave a positive recommendation for the takeover. In addition, the restart is supported by the four shipyards, who are also De Keizer's largest clients: Royal Van Lent, De Vries, Oceanco and Hakvoort".

Retention of jobs for 300 Dutch employees
De Keizer has a total of 450 employees, spread across branches in the Netherlands, France, Spain and the United States. With the takeover, the jobs of approximately 300 Dutch employees will be retained.

Bankruptcy trustee Alexander Claus, Haut Legal & Tax: "De Keizer is a close-knit family business and has remained so despite the enormous growth in personnel in recent years. Maintaining the jobs of the employees was therefore one of the biggest challenges. Throughout the entire process from the suspension of payments to the restart, we kept all employees regularly informed in the process. Involvement was high. We are satisfied with the result that a large proportion of the Dutch employees are keeping their jobs".

Branches in France, Spain and the United States
For the five foreign branches of De Keizer, namely in Antibes and La Ciotat (France), Barcelona and Palma de Mallorca (Spain) and West Palm Beach (United States), the bankruptcy trustees are currently looking for a solution. These branches are responsible for the service and maintenance of the super yachts and jointly employ 50 people.


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