At the end of December, 2016, LETT was, together with Kromann Reumert, requested to carry out a restructuring of the wind enterprise SSP Technology, which is engaged in the development and production of wind-turbine wings.
8 February 2017

The crisis in SSP Technology began after a long period where the enterprise had suffered huge losses. The acute financial problems began when the enterprise’s Brazilian customer, Tecsis, was unable to make payments to the Danish enterprise.

After an all-intensive process in January 2017, the enterprise has now been sold to German listed Nordex, and, on 31 January 2017, the creditors and the Bankruptcy Court approved the sale, which implies that the 70 jobs will be kept.

Henrik Sjørslev, LETT, was restructuring administrator. Henrik Sjørslev has made the following comments on www.finans.dk:

“We sold the enterprise to the German wind turbine enterprise Nordex. Nordex takes over the enterprise today, and all the 70 jobs will be kept. This is the outcome of the negotiations we had with the buyers who came forward and what the creditors and the Court approved today”.