Report: Swets Parent Company Also Bankrupt

Here is a report (mechanically translated, via Google) from RTL News from the Netherlands:

The parent holding company of the international subscription caregiver Swets & Zeitlinger is bankrupt. Last week, RTL Nieuws all those company, Swets & Zeitlinger Group, had received deferred payment and a daughter company went bankrupt.
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With a turnover of 550 million, Swets is a key link between international publishers and large customers of subscriptions, such as universities and libraries. Funding holding into trouble by margin pressure and over-indebtedness. Last year the vehicle booked a loss of 51 million euros.

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Additional Material

See Also: A New Article by Matt Ennis at Library Journal: “Swets Bankruptcy Recalls Fallout from RoweCom”
See Also: Most Recent Announcement From Swets (September 30, 2014)
See Also: Our Post From Last Week With News and Reaction From Publishers
UPDATE 2: Re: Swets Germany  (via buchreport.com, Mechanically Translation From Google)

The Cologne Information Services VUB negotiated by its own account exclusively for the purchase of Swets business in Germany. A corresponding exclusivity agreement had been signed. VUB provides in addition to the traditional library business and large businesses, consultants, Prüfungsgesellschaft- or law firms, hospitals, ministries and government agencies with technical information.

UPDATE 1: Over a hundred layoffs at Swets (via Leidsch Dagblad)
Link is to mechanical translation.
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Filed under: Companies (Publishers/Vendors), Funding, Libraries, News