CustomCells secures its future with new investors
New investors secure development and production of state-of-the-art battery cells at the technology cluster in Itzehoe
The investor process for the insolvent CustomCells Group has been completed. As announced by the insolvency administrator Dr. Malte Köster (law firm WILLMERKÖSTER), an agreement to acquire the specialist for battery cell technology has been concluded with a consortium of industry-related family offices around the existing investor ABACON together with SALVIA. The purchase agreement for the restructuring transfer was signed one day after the official opening of insolvency proceedings at the CustomsCells Group on July 1, 2025 and provides for the takeover of 80% of the employees at the headquarters in Itzehoe. In addition, research and development activities in the field of battery cell technology as well as ongoing production for existing customers at the technology cluster in Itzehoe are to be continued. Customers include companies from the defense and security, aviation, motorsport and mining sectors - NATO system integrators, among others, already purchase qualified cells for the navy. The parties have agreed not to disclose details of the transaction or the purchase price.
Business operations at CustomCells in Itzehoe had been continued by the insolvency administrator and his team in provisional insolvency proceedings since the end of April 2025. Parallel to the stabilization of the business, the search for new investors for the battery cell pioneer was started, which has now been concluded. No viable prospects for reopening the pilot plant in Tübingen, which had already been closed at the time the application was filed due to Lilium's insolvency, had emerged. The final steps for the orderly liquidation of the plant will be taken in the coming weeks.
The background to the financial difficulties at CustomCells was the insolvency and default of the aviation company Lilium, CustomCells' largest customer. This was exacerbated by the high competitive pressure in the battery industry.
Dr. Malte Köster, insolvency administrator: "CustomCells continues to be one of the strongest research companies in Germany in the field of state-of-the-art battery cell technology. I am delighted that it has been possible to secure battery cell research in Germany, which is very important for many industries, as well as ongoing production at the Itzehoe site and to retain the majority of jobs at the headquarters. CustomCells has seized the opportunities for restructuring under the protection of insolvency law and, with the new investors, there are once again stable prospects for the future. I would like to thank everyone involved in the restructuring of the company. I wish the team at CustomCells all the best for the new start. I am convinced that innovative and high-performance battery cell technology from Germany has a chance."
Note: This article has been translated using a computer system without human intervention. LUMITOS offers these automatic translations to present a wider range of current news. Since this article has been translated with automatic translation, it is possible that it contains errors in vocabulary, syntax or grammar. The original article in German can be found here.
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