Meyer Burger Declares Insolvency, Closes Production Facilities
Solar technology company Meyer Burger has announced its insolvency, leading to the closure of its module production facilities and job losses. The German and Swiss locations have been particularly affected, with only liquidation teams remaining. The company has also confirmed that it will not appeal against the delisting of its shares.
The Swiss-based company began winding down its operations in March 2024, closing its module production in Freiberg, Germany. This was followed by the cessation of module production in the USA in May 2025. Insolvency procedures were initiated for its German subsidiaries, Meyer Burger (Industries) GmbH and Meyer Burger (Germany) GmbH.
The company's solar cell production plant in Bitterfeld-Wolfen, operated by Meyer Burger (Industries) GmbH, announced mass insolvency on August 26. Meanwhile, the machines and equipment from the US subsidiaries are being sold, with estimated proceeds of around $29 million. The buyer of these assets remains unnamed.
Meyer Burger has attributed the insolvency to its failed search for an investor to save the entire corporate group. It has also extended a so-called silent inheritance extension for the parent company and its subsidiaries. The company is now exploring the sale of parts of its group and/or assets in Switzerland, Germany, and the USA.
The insolvency of Meyer Burger has led to significant job losses and the closure of its production facilities. While the company has ruled out appealing against the delisting of its shares, it is still exploring options to sell parts of its group or assets. The future of the company and its employees remains uncertain.
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