Berlin-based Solon has initiated investor proceedings and is said to be in due diligence talks with “a handful” of potential buyers, with a deadline of the end of January. A Bloomberg report on the news revealed that the provisional insolvency advisor, Rüdiger Wienberg, commented by telephone that some of the potential investors are from Asia, and that the company is in a good position to find “a strong partner”. The company filed for insolvency in mid-December 2011.
Mr. Wienberg has kept Solon commercially active, and the company’s products remain for sale with additional warranty guarantees. Furthermore, the company has secured an assurance that if it is unable to fulfill its statutory warranty obligations or its own guarantees, an unnamed module manufacturer of renown will ensure that the obligations are fulfilled.
The company’s employees have been paid their December salaries and January’s and February’s wages have also been set aside by pre-financing the insolvency money, with no redundancies to report.
“Solon’s people are naturally affected by the on-going insolvency proceedings, but their morale is high and we are cooperating excellently”, commented Wienberg.