Inventux saved by South American investors

Share

Some good news for the currently beleaguered photovoltaics industry: an unnamed South American investor group has taken over Inventux Technologies AG, which filed for insolvency on May 22.

Liquidator, Ralf Rattunde from law firm Leonhardt said around 100 of the 170 jobs will be retained. The affected employees, meanwhile, will be taken on by a transfer company by the end of the year. For the next five months, they will receive 80 percent of their net wage.

According to a statement released, under the new investors, Inventux will be reorganized. It added that they want to continue to focus on the company’s silicon-based thin film photovoltaic modules, which are well suited to the sunny and high altitude regions of South America.

"The South American investors are betting on ‘Made in Germany' and want to permanently continue with production in Berlin," stated Rattunde. Overall, 85 employees and 12 trainees will stay on. Furthermore, the current board members will change to managers in the new GmbH.

"The way to the insolvency court was very hard, but it has proved to be a chance," concluded the future CEO of Inventux Solar Technologies GmbH, Christian Plesser.

Translated by Becky Beetz.

Popular content

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.

Share

Related content

Elsewhere on pv magazine...

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Your email address will not be published.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.