German cutting and post-press machinery manufacturer PCT Maschinenbau is set to enter a self-administered insolvency process, PrintWeek.com reported. Managing director Yorck Richter confirmed the Hofheim mechanical engineering firm had filed for insolvency proceedings on 9 April. Richter said a statement would be issued after the receipt of official court documents. PCT is owned by SOL Capital. Printweek understands the firm employs around 240 staff.
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The insolvency of Swedish battery maker Northvolt will cost German taxpayers less than previously estimated, after parts of public funding were recovered, officials said on Friday, DPAInternational.com reported. As part of US firm Lyten’s planned acquisition of Northvolt's German subsidiary, the Northvolt Drei gigafactory project, the federal government and the northern state of Schleswig-Holstein have recovered €153 million ($179.2 million) in public funds. The money has already been repaid, the German Economy Ministry confirmed to dpa.
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German industrial production declined unexpectedly in February, with the energy-price shock from the conflict in the Middle East expected to hamper output further, the Wall Street Journal reported. Production fell 0.3% on month in February, after an upwardly revised flat reading for January, Germany’s statistics agency Destatis said Thursday. A consensus of economists polled last week by The Wall Street Journal instead expected a 0.5% increase in February.
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Insolvency proceedings are being opened for a portfolio of 175 hotels linked to Revo, according to German industry reports, HotelNewsResource.com reported. The scale of the portfolio makes the case one of the more significant recent insolvency developments in the German hotel sector, drawing attention to underlying financial pressures facing some operators in Europe’s largest hospitality market. Details regarding the portfolio's financial structure and the specific causes of the insolvency have not been fully disclosed.
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Spark Networks Services GmbH, the operator of online dating platforms Christian Mingle, JDate and Zoosk, is seeking U.S. bankruptcy court recognition of its German insolvency case, Bloomberg Law reported. The company filed its U.S. case after a failed restructuring in 2024 and its primary lender and equityholder, MGG Investment Group, pulled funding in January, according to court documents filed Monday in the U.S. Bankruptcy Court for the Southern District of New York. Spark Networks is seeking relief under chapter 15 and aims to sell its assets while continuing operations.
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Danish Volkswagen supplier Støtek A/S, based in Vojens, has filed for administration, according to boosted.dk. The relevant insolvency court in Sønderborg has placed the company into administration. As a result of the insolvency, all 55 employees have been made redundant. Støtek specialised in highly advanced melting and dosing furnaces for the aluminium industry and supplied the automotive sector in particular. Its customers included Volkswagen, Audi and BMW. Notably, the company had previously been praised by Volkswagen itself for its efficiency.
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The total number of corporate bankruptcies in Germany rose to its highest level in more than a decade last year, according to data published by the federal statistics office on Friday, Reuters reported. Local courts registered 24,064 corporate insolvency filings, 10.3% more than in the previous year, according to the figures. "2025 was an especially weak year for Germany as a place to do business," said Volker Treier, chief analyst for the German Chambers of Industry and Commerce (DIHK).
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A private foundation co-founded by former real estate tycoon Rene Benko has collapsed into insolvency after a court ruled it owed sovereign wealth fund Mubadala Investment Co about €1 billion on soured investments, Bloomberg News reported. Laura Privatstiftung filed for insolvency in Innsbruck, deeming it didn’t have the means to meet its obligations to Mubadala, it said in a statement. The foundation was co-founded by Benko in 2006, and some of its units became deeply intertwined with the financing of his sprawling Signa real estate and retail empire.
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The British industrial group Langley Holdings had announced that Manroland Sheetfed's financial situation was "unsustainable" and that several options were being considered for the future of the business, PrintIndustry.news reported. The owner of the sheetfed offset press manufacturer has now taken the next step. Manroland Sheetfed, based in Offenbach am Main, Germany, has filed for insolvency under the "Schutzschirmverfahren" regime.
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