eyevis plans to complete their restructuring process in the insolvency proceedings

08.12.2017
  • Business continues unchanged
  • 120 employees secured by insolvency money
  • Positive response to targeted search for an investor
  • High interest and repayment costs and high pre-financing needs causes of economic imbalance
  • Appearance at ISE 2018 as planned
  • Insolvency only affects German eyevis GmbH and eyevis Holding GmbH.
  • Subsidiaries Teracue, eyevis France and eyevis Spain, as well as ndependent International Sales Offices like eyevis UK, eyevis Italy, or eyevis Middle East are not affected.

Reutlingen. Eyevis, German manufacturer of professional visual display solutions, wants to complete its initiated restructuring with the help of insolvency proceedings. On Monday, December 5, the company, which is headquartered in Reutlingen near Stuttgart, filed a respective application to the local district court. The district court ordered Attorney Dr. Holger Leichtle from Schultze & Braun to provisional insolvency administrator. Business continues unchanged. “All orders are processed as agreed,” says Leichtle. The approximately 120 employees are covered by the insolvency benefit until February.

Already well before the bankruptcy petition, eyevis worked with consultants to develop a restructuring concept and started reorganizing the company. Significant success has already been achieved. In addition, a targeted search for potential investors was initiated. “The reactions to this M & A process have so far been very positive,” reports provisional insolvency administrator Leichtle. ”In my opinion, the chances are good that we will find a suitable solution here within the framework of the procedure. The goal is to reorganize the company and thus maintain the highest possible number of jobs.”

Eyevis came in financial difficulties due to a complex financing situation with high interest and repayment costs as well as the high pre-financing requirement of the project business. The insolvency proceedings include eyevis Gesellschaft für Projektions- und Großbildtechnik GmbH and eyevis Holding GmbH. The other companies in the eyevis Group, Teracue, eyevis France and eyevis Spain are not affected by the insolvency petition.

Despite the currently unpleasant situation, the company, which specializes in the development and sale of large-screen systems and solutions as well as IT infrastructures for signal processing, will be represented as an exhibitor at Integrated Systems Europe. “We will be presenting a series of new developments as usual at our stand 2-B70 at the fair. Naturally also as a clear signal for our customers and symbol for the positive continuation prognosis of the enterprise,” so Wolfgang Schön, managing director of eyevis GmbH.

For additional information please contact:

Max Winck
Marketing Director
marketing@eyevis.de