Cornell Diesel Systems has been around for over 50 years. Image: Supplied
One of Australia’s leading diesel systems specialists has entered administration, leaving hundreds of staff facing an uncertain future.
A total of 23 companies under the Cornell and MTQ Group entered voluntary administration late last month with unknown debts.
The most well-known trading entity, Cornell Diesel Systems, has been around for over 50 years, specialising in diesel fuel injection diagnostics, repair, aftermarket parts sales and service.
“Our strategically located branches serve regional and urban centres across diverse industries, including passenger vehicles, fleets, agriculture, mining, rail, marine, and power generation, with tailored solutions for both off-road and on-road needs,” their website states.
Cornell recently consolidated with other industry leader MTQ Engine Systems which was formerly known as Dynamic Turbochargers and has been operating in Australia since 1970. It was acquired by Bapcor – which takes in brands including Autobarn, Autopro, Opposite Lock, Midas, and Shock Shop – in 2016. Bapcor sold off MTQ in November last year to a buyer group led by Cornell management as part of its broader strategy to exit…