Neu-Isenburg, December 20, 2019 - Today, the Zech Group AG has granted an insolvency loan of EUR 5 million to euromicron AG (WKN A1K030). The loan serves as necessary securing of the subsidiaries' liquidity in the short term. The loan has a term until December 31, 2019 and can be repaid early at any time.
For early next week a decision of the preliminary committee of creditors concerning the sale of all subsidiary companies is expected. According to the preliminary assessment of the offers made thus far, the assets of euromicron AG probably will not be sufficient for a complete settlement of the insolvency claims after the sale of the subsidiary companies.
Communicating person:
Dr. Jan Markus Plathner
Preliminary insolvency administrator of euromicron AG
Phone: +49 69 631583-0
[email protected]
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About euromicron AG:
euromicron AG (www.euromicron.de) is a medium-sized technology group that unites 16 companies from the fields of Smart Buildings, Smart Industry, Critical Infrastructures and Smart Services. Rooted in Germany, euromicron operates internationally with its around 1,900 employees at 40 locations. Backed by its expertise in sensor systems, terminal devices, infrastructures, platforms, software and services, euromicron is able to offer its customers end-to-end solutions from a single source. As a result, euromicron helps small and medium-sized enterprises, large companies and public-sector organizations enhance their agility and efficiency, prevent security risks and develop new business models. As a German specialist for the Internet of Things (IoT), euromicron enables its customers to network business and production processes and successfully achieve digitization. euromicron AG generated total sales of €318.0 million in fiscal year 2018.
Press contact euromicron AG:
euromicron AG
Investor & Public Relations
Zum Laurenburger Hof 76
60594 Frankfurt/Main
Phone: +49 69 631583-0
Fax: +49 69 631583-17
[email protected]
www.euromicron.de
ISIN DE000A1K0300
WKN A1K030
20-Dec-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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