TECH NEWS

German firm files for insolvency, blames cybercrims who shut down production for 6 weeks

ZEGO-TVZ says the financial fallout from a March cyberattack left shutting its doors as the only option

German textile company ZEGO Textilveredelungszentrum has filed for insolvency and is blaming the financial fallout from a March cyberattack that knocked its production offline for nearly six weeks.

ZEGO's filing adds another name to the short but growing list of companies that say a digital break-in was commercially fatal to their business.

The Bavaria-based company provides textile finishing, processing, and treatment services for customers across industries, including automotive, workwear, and technical textiles.

In a notice to customers and suppliers, the organization said it had exhausted every available option before seeking insolvency protection. Managing director Johannes Zenglein described the filing as "one of the most difficult steps in our company's 37-year history."

"The cyberattack of March 29, 2026, however, impacted our company to an extent that we could not fully compensate for despite...

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