Metz Mecatech: Insolvency proceedings have been ongoing since November 1st.
The corona pandemic claims a prominent victim: Metz Mecatech has filed for bankruptcy. The company, which emerged five years ago from the traditional computer manufacturer of flash units and television sets, has been struggling with dramatic sales losses since March. It is currently uncertain whether there is a future for the company or parts of it.
It was almost six years ago that the once proud Metz works file for bankruptcy for the first time had to. Now one of the successor companies is hit again – Lauri Jouhki, Managing Director of Metz Mecatech, had to go to the bankruptcy court at the end of August.
After the bankruptcy of the Metz group five years ago, all parts of the company ended up outside the TV division at Metz Mecatech. So plastic and switching technology, flash units but also the “Moover” electric scooter. The top-class vehicle was supposed to secure the company in the long term, but in view of the significantly cheaper competition from the Far East, it sold much worse than expected. Instead of the planned 10,000 units per year, the company only sold 600 Moover.
Now insolvency administrator Harald Schwartz is looking for an investor who could save Metz Mecatech. Not an easy task given the hodgepodge of products. It can be assumed that the flash unit will become the first victims of bankruptcy.
Last edited by fs999; 12-07-2020 at 07:32 AM.