Overview

• TF Wickeltechnik GmbH, a German machinery manufacturer with 500 customers in 30 countries, filed for insolvency on May 16, 2025.
• The company’s operations remain uninterrupted, with employees' wages secured through insolvency pay until the end of July.
• Tobias Hirte from Schultze & Braun has been appointed as the provisional insolvency administrator to oversee restructuring efforts.
• The insolvency is attributed to reduced orders and revenue stemming from the COVID-19 pandemic, geopolitical tensions, and broader economic uncertainty.
• The German machinery industry faces a broader crisis, with production forecasted to decline by 2% in 2025 due to a lack of new orders.