A buyer has been found for the insolvent Platinum GmbH, announced liquidator, Holger Leichtle from law firm Schultze & Braun. With effect from December 1, the inverter manufacturer was sold to Linceus GmbH, a subsidiary of SEW Eurodrive GmbH & Co. KG for an undisclosed sum. All remaining 42 employees have been kept on.
Platinum filed for insolvency last March, following financial difficulties. The following August, it announced it would focus solely on R&D of inverter and other power equipment going forward. It also announced job cuts of around 20, from 70, at the time.
In recent months, the company has been working as the exclusive service provider of SEW Eurodrive. This collaboration should now strengthen with the takeover. The settlement of warranty and guarantee claims for the already-sold inverters by Platinum was taken over by former main supplier, Diehl Controls.
Translated and edited from pv magazine Deutschland by Becky Beetz
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.
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.