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Press statement Codema Systems Group bv

Published by CODEMA, 3 May 2022


May 3, 2022

Today, the Rotterdam court has declared the bankruptcy of Codema Systems Group bv. The 140 employees, experts in the field of design, supply, installation, service and mainte-nance of customer-specific horticultural solutions, were informed about the bankruptcy today.

The management of Codema has recently explored many possibilities to continue the business activities and to secure a healthy future for the company. The trustee continues this process, with the primary aim of continuing customer service and offering employees an attractive perspective. Several parties have expressed their interest in Codema’s business units.

 

Codema’s commercial and financial results have come under great pressure since 2020. The appointment of a new board of directors, improvement processes and major changes to the operational management have only partly been able to reverse this development:

  • The impact of the corona crisis on business operations was significant. Travel restrictions severely hampered acquisition outside Europe and the execution of projects abroad.
  • Major projects in China and Canada contributed to strong sales growth in 2018 and 2019, but this was offset by major setbacks in both countries.
  • The greenhouse horticulture sector at home and abroad has to deal with deteriorating market conditions. Customers and potential customers are affected by price increases for energy and materials. The recent unrest caused by geopolitical developments has reduced the willingness of growers to invest.

 

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