GAS GAS OFFICIAL UPDATE
May 21 2015.


News from Gas Gas UK Ltd, the Gas Gas Trials importer and also from the Gas Gas Enduro distributors in the UK, ClementsMoto Ltd, is that on Monday the 18th May, Gas Gas Motos, S.A. filed for insolvency in the Spanish courts.


The Gas Gas statement reads: 

In spite of all efforts to find a solution to the current financial situation and re-structure the company, to date none has been found. In the coming weeks a court appointed trustee will take control of the company, but until that date, efforts continue to secure the investment required.

In the event this fails, the court appointed trustee will see that the company is sold and we believe several parties are already involved in negotiations behind the scene to acquire the company as a going concern.

Gas Gas UK Ltd. stated that the Gas Gas spare parts department is still operational and receiving regular deliveries from the factory.  John Shirt Jnr said: "We have a big stock of spares and if GG can't supply certain parts we can buy direct from the actual suppliers so we have no immediate problem supplying parts.

"This is of course sad news for GGUK and the brand we have pushed since 1988. However, I do firmly believe that GG will NOT die and that new owners will be eventually found. However, I now know this will take longer than first expected. I was assured before I went to the SSDT from the current CEO that production would recommence this month. The factory sent the truck to Scotland and I was quite upbeat before the event.

"We had a great event with two riders on the podium and winning the Manufacturers Team award which proves we still have one of the best Trials bikes on the market. It is for this reason i believe that GG will NOT die.

"We, Gas Gas Motos Ltd (UK) are still here and are a healthy company and will continue to supply all the Gas Gas dealers and owners out there with spare parts and service for the forseeable future.


ClementsMoto Ltd also stated that the Gas Gas Enduro spare parts department is still operational and the company is still receiving regular deliveries.


As soon as further information is available, an update statement will be issued by both importers.