Overview
- Insolvency administrator Martin Mucha, working with the creditors' committee, determined there was no viable rescue and initiated a full wind-down.
- Operations will be run down through late February as the company prepares for closure.
- About 75 remaining employees are being offered six months in a transfer company financed by customers.
- The development division with more than 30 employees was sold to Neura Robotics in October as a partial carve-out.
- A roughly 58% revenue drop in fiscal 2023/2024 preceded the September insolvency despite creditor write-downs.