"Battery manufacturer has announced the insolvency of two German subsidiaries: BMZ Germany GmbH and BMZ Holding GmbH, both headquartered in Karlstein am Main. As reported by the trade agency electrive, citing an official release by the company, both insolvency proceedings have been initiated under self-administration and were approved by the Aschaffenburg local court on October 24. In the bus business, BMZ is mainly know as the provider of NMC4 modules adopted by Daimler Buses on its eCitaro range (starting in 2026),"
"The immediate trigger behind the insolvency is the loss of a major customer in the stationary energy storage segment, which reportedly led to a sudden liquidity crisis and triggered legal disputes and unforeseen costs. BMZ has not disclosed the identity of the client. The group emphasized that this development affects only the German operations, while its international subsidiaries remain fully operational."
Two German BMZ subsidiaries, BMZ Germany GmbH and BMZ Holding GmbH, entered insolvency under self-administration following court approval on October 24. The insolvency was triggered by the loss of a major stationary energy-storage customer, causing a sudden liquidity crisis, legal disputes, and unforeseen costs. International BMZ subsidiaries remain operational and unaffected. The company plans to maintain operations while restructuring the German business into a new organizational framework to preserve customer relationships and contracts. Shareholders provided bridge financing and additional recapitalization funds are earmarked. The process will conclude with a carve-out of BMZ Germany operational activities and core units will remain outside the insolvency.
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