Particle.news
Download on the App Store

Court Clears Dikar’s €1.5 Million Purchase of Ternua, Preserving 56 Jobs in the Basque Country

Dikar casts the purchase as a jobs-first rescue aligned with its diversification into outdoor gear.

Overview

  • Commercial Court No. 1 of Donostia-San Sebastián authorized the sale on October 7, ensuring the Ternua brand continues operating locally.
  • The productive unit is being transferred to Diknua S.L., a subsidiary of Dikar, for €1.5 million with 56 positions retained in Euskadi.
  • Dikar will assume existing contracts and labor debts as stipulated in the judge-approved transaction.
  • Ternua Group has been in voluntary insolvency since June 13, with other assets being divested, including Loreak Mendian to one of its founders.
  • Dikar, part of the Mondragon cooperative network, says the acquisition aligns with its expansion into the outdoor sector, leveraging experience in technical textiles and sporting equipment.