The investor process for German technology company Wavelabs has been successfully completed. This was announced by Flöther & Wissing, the law firm that oversaw the restructuring process. Eternal Sun, a globally active company from the Netherlands that operates in the field of testing technology for solar modules, is the new owner of the developer and manufacturer of LED-based solar simulators. Following the creditors’ agreement to the investor solution, the purchase agreement was signed yesterday evening. The law firm’s announcement states: »Eternal Sun has taken over Wavelabs’ business operations in their entirety, and the Leipzig location will remain unchanged.«
Reinhard Klose, partner at Flöther & Wissing and the general representative who managed the restructuring and investor process, says: »Together with a new strong investor, Wavelabs can once again look to the future with confidence. The workforce and management carried the company through the difficult times. Their commitment and perseverance were crucial to the success of the investor solution and the upcoming restart.« The investor has announced that it will take on the majority of the current workforce of around 60 employees. The takeover agreement also includes a commitment to maintaining and expanding the Wavelabs site in Leipzig.
Founded in 2011, Wavelabs quickly developed into an internationally renowned supplier of solar simulators. However, due to a lack of investment and a general decline in demand, the company initiated self-administration proceedings in spring 2025 to reposition itself.
© PHOTON
