Network and telecommunications provider Bintec Elmeg ceases operations
The end for another network specialist from Germany: Bintec Elmeg fails with its own restructuring.
(Bild: dpa, Oliver Berg)
- Benjamin Pfister
No future for Bintec Elmeg: Shortly after the takeover of Gigaset by VTech Holdings Limited, the restructuring of the next German telecommunications and network specialist has now failed.
Insolvency on own responsibility failed
The Nuremberg-based subsidiary of the Spanish company Teldat had filed for insolvency proceedings under its responsibility in May 2023. The Nuremberg Local Court opened these proceedings on August 4th 2023. Last year, Bintec Elmeg was still confident that a solution could be found.
In a LinkedIn post by the company, which is no longer available, the restructuring was declared a failure. Current orders are still to be processed and production will continue until the end of May 2024.
Bintec Elmeg was well established in the SMB market in Germany with its versatile but not always easy-to-parameterize routers and telecommunications systems. This also applies to OEM products from Deutsche Telekom, such as the Standard, Smart and Premium digitalization boxes, which were marketed to many small companies as part of the migration to IP-based telephone services. The motto here is "search for alternatives in the short term". Bintec Elmeg also marketed some DECT telephones and IP DECT bases from Gigaset, as well as IP telephones from Gigaset as an OEM.
Updates will probably only be available for a short time. For many small and medium-sized business customers who are looking for a German manufacturer, the path should now point in the direction of Würselen to Lancom Systems.
(emw)