United Arab Emirates-based Microsol has agreed to retain more than 90% of Solon’s almost 500 employees, according to the insolvency administrator Rüdiger Wienberg. Solon had nearly 1,000 workers as recently as 2008.

Microsol intends to take on Solon’s Berlin headquarters – which the company had recently considered selling to help pay down its debts – as well as its US and Italian subsidiaries.