Meyer Burger Enters Debt Moratorium as Group Rescue Unlikely

Image: Meyer Burger

Swiss solar manufacturer Meyer Burger has formally entered a debt moratorium, with the possibility of saving the entire group now appearing highly unlikely.

The company confirmed it has been unable to secure an investor for the parent company Meyer Burger Technology AG and its subsidiaries Meyer Burger Switzerland AG and Meyer Burger Research AG. Meyer Burger had launched a merger and acquisition process earlier this year but failed to attract a buyer for the group as a whole.

Instead, the company said it will continue efforts to sell individual assets and business units in Switzerland, Germany, and the United States. It has already emerged that some of its cell and module production equipment has been approved for sale to Waaree Solar Americas, the U.S. subsidiary of India’s Waaree Group.

Given the circumstances, Meyer Burger’s board of directors stated that “there is no longer any realistic chance of rescuing the entire group of companies, including the parent company.”

The parent company now aims to reach a composition agreement with creditors – a legally binding arrangement that allows debtors to settle obligations for less than the full amount owed. The board also ruled out the possibility of paying a liquidation dividend to shareholders.

Meyer Burger cited low-cost Chinese solar module imports and ongoing uncertainties over renewable energy policy support in both Europe and the United States as key factors behind its collapse.

Earlier this year, insolvency proceedings had already begun for several of its German subsidiaries, including the solar cell facility in Talheim and the development and mechanical engineering site in Hohenstein-Ernstthal. Nearly 600 employees in Germany have been laid off, leaving only a liquidation team in place. In Switzerland, the remaining 45 employees have also recently received notice.

In a statement, Meyer Burger disclosed that on 5 September 2025 it received approval from a U.S. court to sell its cell and module production machinery and equipment to Waaree Solar Americas and Babacomari Solar North for nearly US$29 million.