Overview
- The Amtsgericht Stuttgart opened insolvency proceedings for four Varta entities on Oct. 1, 2026, placing the estate under an administrator who is running a structured sale and investor process.
- Insolvency administrator Tobias Wahl says market interest in Varta’s core battery technology remains and he expects an investor solution in the coming months.
- About 2,300 employees work across the affected units and wage support from the Federal Employment Agency ended on Sept. 30, so salaries must now be paid from company operations.
- The microbattery plant in Nördlingen will close as previously decided, costing roughly 350 jobs, while the household‑battery business is legally separated and not part of the insolvency.
- The crisis was triggered by the loss of Varta’s largest customer, reported to be Apple, which shifted sourcing to China and left the Nördlingen site without the orders needed to remain viable.