Quantron is in provisional insolvency proceedings: not sure business will continue

The Augsburg Local Court has appointed lawyer Constantin Graf Salm-Hoogstraeten from the restructuring law firm BBL as provisional insolvency administrator for the company's assets. Together with his team, he will now analyze the company's situation.

By segreteria

Augsburg-based zero-emission vehicle manufacturer Quantron has been in provisional insolvency proceedings since the beginning of this week. The company has just released an official note about it, even though rumors had emerged in the last few days.

Quantron is currently exploring “opportunities to successfully continue business operations”, as stated in the note. More into details, the Augsburg Local Court has appointed lawyer Constantin Graf Salm-Hoogstraeten from the restructuring law firm BBL as provisional insolvency administrator for the company’s assets. Together with his team, he will now analyze the company’s situation.

Quantron’s insolvency: administrators are evaluating the situation

“We first need to get a precise picture of the figures and the situation on the ground before we can make any reliable statements about the company’s chances of continuing as a going concern,” said Salm-Hoogstraeten. His team is currently also examining the possibility of organizing pre-financing of insolvency benefits for the employees.

As we wrote here, Quantron’s founder, Andreas Haller, is in rehabilitation following his recent heart attack in September 2024. The company is currently managed by Beate Reimann, Chief Financial Officer, Rene Wollmann, Chief Technology Officer, and Denis Muratov, Chairman of the Supervisory Board and “Interim CEO”.

Founded in 2019 as a spin-off of the Haller Group, Quantron currently employs about 90 people.

Highlights

Related articles

Battery swap, CATL completed tests on commercial vehicles in China

The news was reported by China Trucks, usually well informed about the trucking industry in the Far-Eastern nation. According to the article, "the test achieved a full battery replacement in just 150 seconds, highlighting a potential breakthrough in energy efficiency for electric logistics fleets".

Windrose to partner with DEKRA on electrification and automation

Rigorous vehicle safety testing and evaluation are going to enhance consumer protection through compliance with NCAP ratings and other industry benchmarks. Further, the partnership will explore the application of independent monitoring of battery health, based on DEKRA’s patented EV battery state-of...

Marty Neese is the new President and CEO of Ballard Power Systems

Neese joins Ballard from electrolysis system manufacturer, Verdagy, "with an extensive background in operations, and wide-ranging experience in product standardization, product cost reduction, volume production, and gross margin optimization", as stated by Ballard.