Uh oh… 😐
According to an article by Create Digital Music (CDM), Native Instruments is currently undergoing preliminary insolvency proceedings:
https://cdm.link/ni-insolvency/
Sad to hear. (I guess that would also explain why NI dropped out of NAMM recently?!)
To access and read insolvency documents:
- Go to https://neu.insolvenzbekanntmachungen.de/ap/suche.jsf and enter
*Native Instruments* into the "Firma/Nachname" field, then hit the 'Suchen' button at the bottom. In the "Ergebnisliste", click on the magnifying glass icon to open the respective document.
(Note: Language of the site and docs in German only.)
What this means
- A provisional insolvency administrator, Prof. Dr. Torsten Martini, has been appointed. His role is to secure assets, examine the books, and determine whether the company's finances can support either a restructuring or an orderly insolvency process.
- The company can no longer freely dispose of assets or make significant financial decisions without approval from said administrator.
- Creditors are temporarily prevented from enforcing claims, and incoming funds are placed under the administrator's supervision. The aim is to prevent a rapid deterioration of the company’s financial position while possible options are evaluated.
- Current management stays in place, but its authority is now restricted.
- Development pace, support, and long-term roadmaps are now uncertain.
What this doesn't mean
- The company has ceased trading, nor does it automatically trigger liquidation.
- Immediate job losses - German insolvency law typically provides short-term protections for employees.
- Products and licences suddenly stop working.
(Snippets taken from Production Expert)
Articles / Timeline of events
I will update this post as we learn more.