Overview
- Insolvency administrator Holger Leichtle announced a legally binding takeover by Axent Capital Partners AG of Zug, securing the supplier’s future.
- About 3,200 positions remain from roughly 5,000 originally, with 140 at Bad Urach, 300 in Pirna, and around 2,760 across subsidiaries in Mexico, Slovakia, the Czech Republic and the United States.
- The Gera plant closed at the end of August after no investor was found, resulting in the dismissal of roughly 220 remaining employees.
- Leichtle described the job cuts as severe but unavoidable and said they were part of the acquirer’s concept.
- The new owner plans investments to develop the Pirna site into a technology center for injection molding with larger-capacity machines intended to guide operations in Mexico and Hungary.