After provisional insolvency, Quantron’s business continues thanks to a core team of employees

Constantin Graf Salm-Hoogstraeten from the restructuring law firm BBL, provisional insolvency administrator of Quantron AG stated in an official note that the business operations “will continue until further notice with the help of a core team of around 40 employees”.

Augsburg-based zero-emission vehicle manufacturer Quantron has been in provisional insolvency proceedings since end of October.

Quantron was initially seen as a rising star in alternative fuel trucks with goals to expand to North America and India, and had some business going on also in the bus segment: the 12-meter e-bus Quantron Cizaris was launched in 2022. First order was landed in Italy, where Quantron launched also a division.

Quantron crisis is going on

For these employees, the pre-financing of the insolvency money has now been secured by a bank, so that their wages and salaries can be paid retroactively for the months of October, November and December. At the same time, the provisional insolvency administrator has initiated a structured sales process for the company in consultation with the provisional creditors’ committee. All goods ordered by the company from now on with the approval of the provisional insolvency administrator will also be paid for in full.

“In principle, various restructuring scenarios are conceivable,but from the current perspective, a transferring restructuring with the help of an investor appears to be the most obvious and also the best solution for the creditors,” said Graf Salm-Hoogstraeten.

Now, the next step will focus on finding new potential investors to secure possible future opportunities to the Augsburg-based truck&van manufacturer.