Quantron sales process underway

According to Ouantron, business operations will continue “until further notice with the help of a core team of around 40 employees.” Preliminary insolvency administrator Constantin Graf Salm-Hoogstraeten from the restructuring law firm BBL announced that the pre-financing of the insolvency money for these employees has now been secured by a bank so that their wages and salaries can be paid retroactively for October, November and December.

Salm-Hoogstraeten is also trying to reassure the existing partners: All goods ordered by the company with immediate effect with the approval of the provisional insolvency administrator ‘will also be paid for in full,’ the letter states.

In consultation with the provisional creditors’ committee, Salm-Hoogstraeten has also initiated a structured sales process for the company. “In principle, various restructuring scenarios are conceivable, but from the current perspective, a transferring restructuring with the help of an investor appears to be the most obvious and also the best solution for the creditors,” said Graf Salm-Hoogstraeten.

MMA consultants Raab und Kollegen will now search for and approach potential investors in Germany and abroad. The takeover experts will also support the provisional insolvency administrator and his team in realising a deal if an interested party is found.

At the same time, however, the restructuring will continue as they prepare “the implementation of an asset deal as part of a transferring restructuring by the end of the year.” Salm-Hoogstraeten also emphasises the cooperation of the remaining Quantron core team: “Quantron has very committed employees who continue to stand by the company. From now on, they will actively support the Management Board and myself in the upcoming restructuring.”

Quantron emerged at the end of 2019 as a new player in the electric commercial vehicle market. It was launched by Gersthofen-based Iveco contract partner and commercial vehicle specialist Haller. Initially located in the retrofitting sector, the startup quickly became a system integrator with rapidly growing international ambitions. The management repeated frequently that Quantron did not want to become an OEM but a platform provider. The business model thus consists less of the production and sale of electric trucks and more of the operation of an ecosystem.

However, there were increasing problems with the financing of this business model, and the situation had worsened enormously in recent months. Quantron then had to file for insolvency at the end of October 2024 after a financing round collapsed. However, the insolvency proceedings are still provisional, and the court in Augsburg, Germany, has yet to decide whether to open the proceedings.

Source: Information per e-mail