AARHUS, Denmark – Danish TV Station TV2OJ reports that the lighting company SGM has filed for bankruptcy. In a page on its Danish-language website, the site reports that the company has filed for bankruptcy and is under the curatorship of Christian Jul Madsen.
Madsen is bullish in the article about SGM’s future, saying there are already bidders willing to buy the entire company. It is unclear if Peter Johansen—who founded Martin and brought SGM, originaly an Italian company, to Denmark where he operated as director of R&D—is still with the company. Also unclear was the employment of SGM’s 85 employees, who were sent home from work on Thursday “pending clarification” of their job status. More details on this as we have them.
You can read a Google Danish to English translation of the TV2OJ article at https://translate.google.com/translate?hl=en&sl=da&tl=en&u=http%3A%2F%2Fwww.tv2oj.dk%2Fartikel%2F279751%3AAarhus–Eventyret-er-forbi–Ivaerksaetter-gaar-konkurs-med-lysfirma
SGM has provided an update to its financial restructuring, for more details click here.
