Manz AG Successfully Finalizes Asset Sales Amid Insolvency

Manz AG, a developer of production solutions for the automotive, electronics, energy, and battery sectors, has completed key sales amidst insolvency proceedings initiated on February 24, 2025. Tesla Automation GmbH acquired Manz's site in Reutlingen, Germany, taking over 300 employees and assets, following a purchase agreement on March 1, 2025.

Additionally, Malaysian company Greatech Technology Berhad acquired Manz Slovakia in Slovakia, incorporating 240 employees by April 8, 2025. This acquisition focuses on sectors like semiconductors, medical, and packaging.

In a separate transaction, Manz Asia Ltd., including subsidiaries in China, Taiwan, and India, was acquired through a management buy-out. Following these sales, proceeds were allotted to Manz AG's insolvency estate as the company evaluates options for its remaining subsidiaries in Italy and the USA.