Niefern-Öschelbronn, 20.09.2024
On Monday, 16 September 2024, an important court date regarding the restructuring proceedings of WISI Communications GmbH & Co. KG took place at the Pforzheim District Court. The restructuring plan drawn up by the management in self-administration was presented there and unanimously approved by the creditors’ meeting.
This marks the success of the reorganisation proceedings initiated by WISI Communications GmbH & Co. KG in April 2024.
It proved to be the right decision to file for reorganisation under self-administration at an early stage: the reorganisation steps taken in these proceedings were absolutely necessary to improve the competitiveness of WISI Communications GmbH & Co. KG.
The restructuring experts from Luther Rechtsanwaltsgesellschaft mbH and the insolvency monitor Marc-Phillippe Hornung from the law firm Schilling, Zutt & Anschütz played a key role in developing the plan.
A restructuring of this kind is a considerable burden for all parties involved, especially for the workforce and the company. It is therefore particularly pleasing that the way for a short-term conclusion to the proceedings could be paved so quickly.
This is good news not only for the company’s employees, but also for its customers and business partners.
WISI Communications GmbH & Co. KG will continue to operate without restriction and will fully return to normal business operations at the end of October.
WISI Group:
WISI employs 395 people worldwide at locations in Germany, France, Austria, Switzerland, Sweden, Spain, the United Arab Emirates, China, the United States of America and Canada. Of these, 185 employees work at the sites in Germany. In addition, WISI works with more than 100 partners in all major international markets.
Almost 100 years ago, the successful path of the high-tech company began as one of the world’s pioneers in radio frequency and broadband technology. Modern broadband networks must be intelligent, powerful and scalable transport solutions. This is our business. As an innovator and technology integrator for key communications sectors, we are committed to innovation, now and in the future. For more information about WISI Communications, visit wisigroup.com
Media Contact:
WISI Communications GmbH & Co. KG
Sandra Eckert
Tel.: + 49 7233 66 531
E-Mail: sandra.eckert@wisi.de
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WISI Group
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