JDI negotiates with US semiconductor manufacturer Micron to sell Mobara Fab, selling assets to improve insolvency It was revealed on March 26 that Japan Display Inc. (JDI) is negotiating with U.S. semiconductor manufacturer Micron Technology, Inc. (Micron), to sell its Mobara Fab (Mobara City, Chiba Prefecture), JDI’s main base for LCD panel production. JDI disclosed at its consolidated financial results briefing for the April-December 2025 ter...

News  Updated at: 2026/03/27

India tribunal orders liquidation of Hero Electric Vehicles On March 3, the National Company Law Tribunal (NCLT) in New Delhi ordered the liquidation of Hero Electric Vehicles Pvt Ltd after creditors failed to approve any resolution plan before the extended insolvency deadline of February 13, 2026. Despite multiple bidding rounds and two rival plans, the best‑supported proposal secured only 47.66% of creditor votes, below the required 66%, leav...

News  Updated at: 2026/03/13

Bajaj, India, to reduce 500 employees amid restructuring of PIERER Mobility, Austria On January 13, Bajaj Auto Limited announced that KTM AG is taking necessary steps after its insolvency to strengthen competitiveness by cutting fixed costs, simplifying structures, focusing the product portfolio, and optimizing international locations and leadership. It will reduce around 500 positions, mainly salaried roles and middle management. The headcount a...

News  Updated at: 2026/01/14

the continuation of its operational business. SKion intends to preserve the technologies available at BMZ as well as the extensive expertise of its employees in this field.  The BMZ Group is a leading international manufacturer of lithium-ion battery systems. In October, BMZ Germany GmbH filed for insolvency under self-administration. In the coming months, the focus will be on stabilising and expanding customer and supplier relationships as well...

News  Updated at: 2025/12/22

have already expressed interest in acquiring insolvent automotive supplier Kiekert AG. Meanwhile, production continues unchanged and at full capacity. Orders are being manufactured and delivered on time. All 700 employees will remain with the company. After the initially announced withdrawal of the insolvency application failed to materialize, the responsible Wuppertal District Court opened insolvency proceedings as planned on December 1, 2025. T...

News  Updated at: 2025/12/03

Viritech, UK, ceases all trading, plans insolvency On October 23, Viritech Ltd. ceased all trading with immediate effect. The board is now taking steps to place the company into Creditors’ Voluntary Liquidation (CVL), i.e. insolvent liquidation, and a licensed insolvency practitioner will be appointed to assist with the process and communicate with creditors in due course. Viritech is a cleantech company that develops hydrogen powertrain soluti...

News  Updated at: 2025/11/03

Axent Capital Partners, Switzerland, takes over Eissmann Group, Germany On October 14, Axent Capital Partners AG announced that it had taken over the German Eissmann Group. The takeover consists of the acquisition of the assets of Eissmann Automotive Deutschland GmbH, Bad Urach, which filed for insolvency in March 2024, as well as the acquisition of shares in the foreign subsidiaries. Eissmann Group supplies high-quality interior solutions for pr...

News  Updated at: 2025/10/17

d subsidiary. DMOS GmbH is an IC design center providing services in the IC development from specification to production. This includes design, test, and software development for mixed-signal high-voltage ICs.  As a result of the share acquisition, DMOS GmbH was able to withdraw its recently filed insolvency petition. A lifting of the preliminary insolvency proceedings by the competent court is expected shortly. This also eliminates the uncertai...

News  Updated at: 2025/10/17

Winning BLW, Germany, starts insolvency proceedings under self-administration On October 8, German trade union IG Metall announced that Winning BLW GmbH, a major automotive and construction machinery supplier, has initiated insolvency proceedings under self-administration. Multiple sources reported that the company has 500 employees across three sites in Remscheid, Duisburg, and Penzberg (Bavaria). The company plans to continue operations under s...

News  Updated at: 2025/10/08

Kiekert files for insolvency after Chinese shareholder Lingyun cuts funding Multiple media sources reported that Kiekert AG has filed for insolvency after its Chinese parent company, North Lingyun Industrial Group Co., Ltd. (Lingyun), cut off funding and failed to meet financial obligations amounting to hundreds of millions of euros. The shareholder, affected by US sanctions policy, has denied Kiekert access to key markets and financing. The comp...

News  Updated at: 2025/09/24

Scantinel Photonics, Germany files for insolvency On August 6, PLUTA Rechtsanwalts GmbH announced that Scantinel Photonics GmbH has filed for insolvency. Scantinel Photonics was founded in 2019 and is based in Ulm. It is a leading provider of FMCW LiDAR technology for autonomous vehicles and robotics. By order dated August 6, 2025, the Local Court of Ulm then ordered provisional insolvency administration and appointed a restructuring expert from ...

News  Updated at: 2025/08/13

CustomCells, Germany secures new investors after insolvency On July 3, CustomCells announced that it has completed its investor process following insolvency proceedings. It will be taken over by a consortium of industry-focused family offices, including existing investor ABACON and SALVIA. The purchase agreement includes the transfer of 80% of employees at the Itzehoe headquarters. The research and development activities in the field of battery c...

News  Updated at: 2025/07/04

LeddarTech announces intention to file for bankruptcy in Canada On June 16, LeddarTech Holdings Inc., an AI-powered software company recognized for its innovation in advanced driver assistance systems (ADAS) and autonomous driving (AD), announced that it intends on making an assignment into bankruptcy pursuant to the Bankruptcy and Insolvency Act (Canada). After undertaking a strategic review which was unsuccessful in identifying a suitable acqui...

News  Updated at: 2025/06/18

ing from the ordinary course of business operations when they become due in order to continue as a going concern. Considering the company’s current circumstances, Li-Cycle says it will need to significantly modify or terminate its operations and may need to dissolve and liquidate its assets under insolvency laws or otherwise file for insolvency protection. Li-Cycle is thus retaining Hilco Corporate Finance, LLC, a financial services company, to...

News  Updated at: 2025/05/02

CustomCells files for insolvency proceedings for key German entities On April 30, CustomCells announced that it had filed for insolvency proceedings for its main operating entities in Itzehoe and Tübingen, Germany. The holding company of the CustomCells Group is not affected by the insolvency filing currently. CustomCells is in financial trouble because its biggest customer, Lilium, hasn’t paid its bills. CustomCells tried to find new investor...

News  Updated at: 2025/05/01

Ebusco, Netherlands reports insolvency risk amid ongoing financial struggle On April 30, Ebusco announced that 2024 had been a challenging year, marked by a shift in its production strategy from OEM to outsourcing, the launch of a turnaround plan and organizational restructuring. The company also faced major setbacks, including a production halt and canceled bus orders. Ebusco reported that it is relying on its suppliers to agree to new payment ...

News  Updated at: 2025/05/01

hana Motherson International Limited (SAMIL) announced that its subsidiary, SMRP B.V., will begin the process of winding down operations at the Judenbach plant in Germany. The decision follows SMRP B.V.'s acquisition of the assets of the Dr. Schneider Group in October 2023, a company that was under insolvency proceedings at the time. The Judenbach facility will undergo a structured shutdown, with negotiations with the local works council expected...

News  Updated at: 2025/04/25

Bohai Trimet Group, Germany files for insolvency proceedings On April 17, Brinkmann & Partner, a restructuring and insolvency administration firm, announced that the Halle (Saale) District Court appointed Olaf Spiekermann, a specialist in insolvency and restructuring law and a partner at the nationwide law firm Brinkmann & Partner, as provisional insolvency administrator for all four Bohai Trimet companies after the managing directors filed for i...

News  Updated at: 2025/04/23

Andreas Haller Holding acquires key assets of Quantron AG, Germany On April 1, BBL Brockdorff, a law firm based in Germany, announced that Andreas Haller Holding GmbH would acquire all key assets of Quantron AG, along with its remaining core team of 35 employees, through a restructuring by transfer. Since filing for insolvency, Quantron has operated under the administrator’s supervision. The administrator has been actively seeking a long-term ...

News  Updated at: 2025/04/03

d FCSD and in Niehl stopped work and followed the call for a warning strike. With the planned restructuring and Ford Motor Company ending its letter of comfort, the works council and IG Metall are demanding a strong future and job protection for all 11,500 employees in Cologne, even in the event of insolvency. Based on IG Metall press release and other sources...

News  Updated at: 2025/04/03