CEO Nick Williams confirms restructuring process as company seeks new shareholders.
Photo credit: Native Instruments – Website
Native Instruments has moved into formal insolvency proceedings, according to a statement shared by CEO Nick Williams. The transition follows earlier reports that the Berlin-based company had entered preliminary insolvency earlier this year.
Williams confirmed that Native Instruments GmbH and several German entities will now proceed through legal restructuring steps. “As part of the restructuring process, Native Instruments GmbH and a number of our German entities will shortly be moving through expected legal steps, including transitioning from ‘preliminary insolvency’ into formal ‘insolvency’ proceedings where applicable,” he said.
Despite the development, the company states that operations remain unaffected across its ecosystem, including Soundwide and its associated brands iZotope, Plugin Alliance, and Brainworx. Products, services, and customer support continue as normal.
“We see a clear path to achieve our goal to provide continuity for creators, customers, and partners,” Williams noted, adding that the company is actively seeking new shareholders with interest from multiple parties.
The update follows initial news reported in January that Native Instruments’ assets could be sold as part of the restructuring process. Williams emphasized that community and partner support has played a key role during this period.
“The support we are receiving from our partners, artists, and community has been extraordinary. This loyalty isn’t something we take for granted,” he said.
Native Instruments maintains that it is working toward a financially sustainable future while continuing day-to-day operations throughout the process.
Read the full statement here.
