BMZ Germany files for insolvency – realignment planned

BMZ Germany GmbH, part of the BMZ Group and one of Europe's leading manufacturers of lithium-ion battery systems, has filed for insolvency under self-administration. The responsible local court approved this today and ordered provisional self-administration. According to the company, this decision is due to an acute liquidity crisis, triggered by the loss of a major customer in the energy storage sector and resulting legal disputes and additional costs. The BMZ Holding GmbH also had to file for insolvency as a result. The ongoing business of the group's operationally sound core companies remains unaffected. A bridge financing is in place to stabilize liquidity and continue operations, and additional capital is to be provided by shareholders. The management is working on a restructuring plan to transfer the operations of BMZ Germany GmbH into a new structure. As part of this realignment, BMZ is focusing on its core technological competencies, cost efficiency, and expanding growth areas, especially for industrial battery systems and customized energy storage solutions. The company emphasizes its responsibility towards all stakeholders and is working to quickly complete the process and return to a sustainable growth path