Published on
27/07/2026 - 13:20 GMT+2
The parent company behind the renowned Varta household battery brand said on Friday that it had applied to the Stuttgart Local Court to open insolvency proceedings under self-administration.
The German battery maker, based in Ellwangen, said the filing was prompted by a structural funding gap expected from 2027, rather than an immediate inability to meet its payment obligations.
The company cited significantly worsening market conditions, weaker demand, adverse exchange-rate movements and, most recently, “the decision of a key customer to terminate the partnership” as factors affecting its operations.
