On December 18, 2024, Manz AG, a global high-tech equipment manufacturer based in Reutlingen, Germany, announced its decision to file for the opening of insolvency proceedings. The company’s Management Board cited illiquidity and over-indebtedness under insolvency law as the primary reasons for this action. The formal application is expected to be filed in the coming days.
Manz AG is heavily involved in the battery industry, particularly in the production of lithium-ion batteries. The company has established itself as a provider of high-tech production equipment and solutions for battery manufacturing.
The insolvency situation was precipitated by the decision of the company’s creditors not to provide any further funding. Despite concerted efforts by the Management Board to secure new equity and debt capital, including advanced discussions with potential investors, a viable financing solution was not achieved. Negotiations with one interested investor had progressed significantly but were unexpectedly terminated by the investor. This development left Manz AG without the necessary inflow of funds to continue operations outside of insolvency proceedings.
In recent weeks, Manz AG engaged intensively with multiple lenders and investors to address its financial challenges. The company’s inability to secure additional funding has resulted in both illiquidity and over-indebtedness, necessitating the move toward insolvency proceedings as prescribed by law.
Despite the impending proceedings, the Management Board remains committed to exploring all possible avenues to stabilize the company’s financial situation. Discussions with potential investors are ongoing, with the aim of finding a solution that could support the company’s restructuring efforts and potentially safeguard its future operations.
Manz AG operates in several high-growth markets, providing system solutions for industries such as battery production, electronics, energy storage, automotive, and e-mobility. The company’s shares are listed on the regulated market (Prime Standard) of the Frankfurt Stock Exchange under the ticker symbol M5Z.
Source: Manz AG
