Isernhagen/Hanover, May 29, 2024. Soli Infratechnik GmbH has run into a crisis. For this reason, the company from Isernhagen near Hanover had to file for insolvency at the Hanover District Court. The court appointed lawyer Silvio Höfer from Anchor Rechtsanwaltsgesellschaft mbH as the provisional insolvency administrator.

 Delays in projects as the cause of the crisis

 Soli Infratechnik is one of the leading German general contractors in the fiber optic business. Last year, the company achieved sales of EUR 135.5 million. More than 700 people are employed at twelve operational locations in Germany - the headquarters are in Isernhagen. The largest clients include Deutsche Telekom, Deutsche Glasfaser and Deutsche Giganetz. Soli Infratechnik offers comprehensive services in the areas of engineering, civil engineering, logistics and installation of fiber optic cables. The company has grown strongly in recent years - sales have doubled since 2020.

The crisis was primarily triggered by delays in the completion of projects that had already been commissioned. The significant increases in material prices and wages also contributed to the crisis. Completions were also hampered by significant supply chain problems, among other things. An attempt to restructure Soli Infratechnik had already been made since the summer of last year. Now these measures have proven to be insufficient due to the ongoing problems at the construction sites.

Talks with investors planned

The provisional insolvency administrator Silvio Höfer from Anchor Rechtsanwaltsgesellschaft mbH has already informed himself about the current situation in the company. Numerous talks are being held with clients and business partners. The employees were also informed about the status of things in meetings. The employees' salaries are secured by the insolvency money from the Federal Employment Agency.

"Our first task is to ensure ongoing business operations. The next step is to develop a viable financing solution for Soli Infratechnik. We will therefore also seek talks with potential investors," explains the provisional insolvency administrator Silvio Höfer.

A structured investor process will be initiated shortly. In addition, discussions are being held with existing stakeholders about a new financing structure.