Manz AG, Specialist in Battery Production Systems, Seeks Buyer Amid Insolvency

Credit: Manz

The insolvent German engineering firm Manz AG, known for manufacturing battery production systems, is seeking a strategic investor to acquire the company as a whole, according to its insolvency administrator.

Provisional administrator Martin Mucha has enlisted consulting firm PwC to lead the investor search, expressing optimism that a solution could be reached by spring. The process aims to maintain uninterrupted business operations to enhance the company’s appeal to potential buyers. Concurrently, a delisting process is underway to remove the company from the stock exchange, Mucha confirmed to DPA.

Manz AG filed for insolvency with the Stuttgart District Court in December 2024, citing overindebtedness and insolvency after lenders declined to provide further funding. Efforts to negotiate financing with multiple lenders proved unsuccessful, prompting the company to seek insolvency protection.

The firm specializes in technologies essential for battery production, including automation, laser processing, and roll-to-roll manufacturing. However, delays and reduced scale in European battery projects have strained suppliers like Manz, which had made significant upfront investments.

In its 2023 financial results, Manz reported revenues of €250 million but projected a decline to €170–180 million for 2024. The company was already operating at a loss in 2023, reflecting ongoing financial challenges.

The sale of Manz AG is intended to secure the future of its operations and retain its position in the battery production sector. Mucha emphasized the need for continuity and stability during this transitional phase, highlighting the company’s potential value to investors with strategic interests in advanced manufacturing and energy technologies.

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