The takeover of Heliocentris by Odasco nearly a year ago was meant to save the ailing business, but it is now clear that the attempt at a turnaround has failed. When newly founded Odasco Heliocentris Europe filed for bankruptcy on Aug. 3, 2017, work at both company locations, Wendlingen and Munich, had already halted. Proceedings started Sept. 1 last year.
Heliocentris Energy Solutions, which filed for bankruptcy in late 2016, will be no more, although its expertise will live on. The manufacturing and the education division were sold to different companies, but many employees who worked in Berlin lost their job.