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CustomCells Secures Rescue Deal With Abacon-Led Consortium, Shifts Focus to E-Mobility
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5 Articles
CustomCells Secures Rescue Deal With Abacon-Led Consortium, Shifts Focus to E-Mobility
German battery cell manufacturer CustomCells has reached a rescue deal with a consortium of investors led by existing backer Abacon, enabling the troubled company to continue operations with a streamlined workforce and a renewed focus on electric mobility, according to sources familiar with the matter. The takeover agreement was signed Wednesday evening, according to a [...] The post CustomCells Secures Rescue Deal With Abacon-Led Consortium, Sh…
The insolvency of a customer had carried along the Itzehoer battery pioneer. Now the insolvency administrator reports a success: Customcells continues to operate.
Following the bankruptcy of its most important customer, Lilium, battery cell manufacturer CustomCells also had to file for insolvency. Thanks to new investors, a rescue of the company now appears possible. 80 percent of jobs are expected to be retained.
The bankrupt battery manufacturer Customcells is being taken over by a consortium led by former investor Abacon and tech investor Salvia. The law firm of insolvency administrator Malte Köster confirmed this to the “Handelsblatt” (Friday edition). Accordingly, a purchase agreement was signed on Wednesday. This provides that the Itzehoe site will remain in place; around 80 percent of the employees there will be taken over. Ongoing production and …
One day after the official opening of the insolvency proceedings, a consortium of industrial family offices took over the battery cell company. 80 percent of the jobs in Itzehoe are to be preserved. There is no perspective for the pilot plant in Tübingen.A consortium of industrial family offices around the existing investor Abacon has signed a purchase contract for customcells.This was done one day after the official opening of the insolvency pr…
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