Centrotherm: Proposal approved by district court


Centrotherm had filed for Chapter 11 insolvency protection with the Ulm District Court July 10. The court has now authorized the company's self-administration to make decisions on how it will proceed with its assets and implement its restructuring plan.

Thereby the neccessary conditions have been created to ensure that suppliers and customers can continue their business as usual with centrotherm. The insolvency application is said to apply to the subsidiaries, centrotherm thermal solutions GmbH & Co. KG and centrotherm SiTec GmbH. Centrotherm management services GmbH & Co. KG and centrotherm cell & module GmbH are expected to be bundled within the parent company. The remaining subsidiaries have not been affected and "will continue to operate as previously".

The supervisory board has already appointed a reorganization expert and insolvency lawyer who will moderate the interests of all parties involved in the proceedings. The joint objective remains to maintain the centrotherm as a company and get it past this slump.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Popular content

Elastocalorics could replace heat pumps, air conditioning systems

16 July 2024 Elastocalorics have the potential to replace current air conditioning and heating systems, offering significant energy savings when paired with techno...


Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.