Recently, shocking news emerged from the German industrial sector as the Manz Group announced its bankruptcy.
Founded in 1987 and headquartered in Reutlingen, Germany, the Manz Group has diversified its business over the years, providing production equipment and solutions for electronic devices and components, energy storage, solar energy, contract manufacturing, and services.
The group has been involved in a wide range of offerings, from customized standalone machines for laboratory, pilot, and small-scale production to standardized modular equipment and system production lines, and even complete factory production equipment solutions for mass production lines.
In the solar energy business, Manz was a major equipment supplier for copper indium gallium selenide (CIGS) thin-film solar modules. Beyond the photovoltaic sector, Manz also achieved certain accomplishments in the energy storage battery sector. In a 2024 market share and ranking survey report on global lithium battery stacking equipment industry leaders published by Glonhui, Manz was listed as one of the top lithium battery stacking equipment manufacturers globally, occupying a leading position in the industry alongside many renowned companies.
Despite its strength, the company faced difficulties. Banks ceased funding, and these adverse factors left the company without financing solutions to ensure necessary capital inflows, making it impossible to continue operations outside of bankruptcy procedures.
Ultimately, the company’s board of directors decided to apply for the initiation of bankruptcy proceedings due to insolvency and excessive debt. The application is expected to be submitted in the coming days.
Manz Group also had a presence in China, but its Chinese subsidiaries are currently all shown as having been deregistered.
