Benny Landa's Landa Labs Faces Insolvency Petition Over €16 Million Debt

A petition to open insolvency proceedings against Landa Labs, the research and innovation arm of Benny Landa’s group, was filed today with the Central District Court in Lod. The request was submitted by Altana Netherlands B.V., the financing and investment arm of Germany’s Altana AG, which makes products for coatings, paints, cosmetics and printing worldwide.

Altana says Landa Labs failed to repay a €16 million loan that matured on May 20, 2025, including principal and accrued interest. The petition says Landa Labs also tried to arrange a $10 million outside loan from Mizrahi Tefahot Bank to keep operating, but the bank withdrew after parallel insolvency proceedings began against another Landa group company, Landa Corporation. Altana says a formal demand letter sent in January 2026 was not answered, and it is now asking the court to issue an insolvency order and appoint a trustee or other officeholder.

The filing, submitted by attorneys Guy Ido, Itay Shani and Keren Reichbach Segal of Gornitzky & Co., alleges that Landa Labs has long been unable to meet its obligations and that its financial condition is “very severe.” According to the petition, the company admitted in an April proposal to amend the loan agreement that it could not repay on time and asked to extend the maturity to the end of December 2026.

Benny Landa, 80, made his name as founder of Indigo, the digital printing company sold to HP in 2001. After that sale he founded the Landa Group, which later produced Landa Digital Printing, or Landa Corporation, based on Nanography technology. Landa Corporation was approved for debt restructuring in September 2025 and sold to FIMI for $80 million after amassing about 1.7 billion shekels in debt. Another Landa company, Luxexcel, was sold in late 2024 to Phoenix, a Belgian-Indian group, for about $4 million. Landa Labs did not respond, and the court has not yet ruled.