At the beginning of the year the shareholders of the company put the company up for sale, as it needed more capital to go through a transformation and scaling up. This sale was said to be expected in the third quarter. But now Royal Swets has been overtaken by financial problems and has shareholders not willing to jump in. Royal Swets has now two months to find a new shareholders, to merge or be acquired or to sell the slew of companies separately.
competitor in the global arena, has reacted to the problems of Swets. The
company praises Swets as an honorable and professional organization with many
astute and gifted personnel.
But it hopes to be a landing place for some of the personnel who will be out of work and is ready to help customers to avoid disruption in service. In the reaction EBSCO assures the publishers and clients that EBSCO continues to be financially very strong, having the highest possible rating by credit rating company Dun and Bradstreet.