Bad Wörishofen / Munich, June 13, 2024. aero und sports GmbH from Bad Wörishofen needs to be restructured and is looking for a new financing solution. For this reason, the company, founded in August 2021, has filed an application for preliminary insolvency proceedings with the Memmingen District Court. The court granted the application and appointed Dr Alexander Zarzitzky from Anchor Rechtsanwälte as the provisional insolvency administrator.

Wind speeds of up to 120 kilometers per hour

aero und sports GmbH has built a state-of-the-art bicycle wind tunnel for endurance athletes in the north of the Allgäu tourist center of Bad Wörishofen. Here, top athletes and ambitious recreational athletes can optimize their racing machines and their personal seating position under the guidance of experts. The wind tunnel reaches a speed of up to 120 kilometers per hour. The system can also generate crosswinds at angles of up to 45 degrees. The Aerow advises athletes on how to optimize their riding position based on measurements taken in the wind tunnel. The material of the racing bike, helmet and clothing can also be tested.

Increased construction costs as a cause of the crisis

The groundbreaking ceremony for the spectacular building took place in winter 2022. The wind tunnel started operations in March 2024 and there are already a large number of users. Thanks to the good transport connection, the wind tunnel is also easily accessible from the greater Munich and Stuttgart area. However, work on the building has not yet been fully completed. And this is also the reason for the need for financing. The costs for completing the building - which is being built entirely using wood - have increased significantly due, among other things, to price increases in the construction industry and delays in completion. These increased costs then led to the bankruptcy filing.

Search for a continuation solution

The provisional insolvency administrator Dr Alexander Zarzitzky has now held numerous discussions with business partners, customers and creditors. The aim is to develop a long-term financing concept in order to be able to continue operating this ultra-modern wind tunnel. "With THE AEROW, Bad Wörishofen and the region have gained a new flagship. The spectacular architecture does the rest. It will now depend on everyone involved pulling together and making it possible to save this very special project," explains Dr Alexander Zarzitzky. He is already in talks with interested parties who could take over the wind tunnel project.