Manz AG successfully completes sales to Tesla Automation, Greatech and the management buy-out for the Asia subgroup

Manz Autom. AG successfully completes sales to Tesla Automation, Greatech and the management buy-out for the Asia subgroup

Reutlingen, April 24, 2025 - On February 24, 2025, the Local Court of Stuttgart opened insolvency proceedings for the assets of Manz Autom. AG, a developer of production solutions for lithium-ion batteries, electronic components and devices in the automotive and e-mobility, electronics, energy and battery manufacturing sectors, and appointed attorney Martin Mucha from the law firm Grub Brugger as insolvency administrator. The sale of three subsidiaries and investments of Manz Autom. AG has already been successfully completed

The closing conditions of the purchase agreement signed by the insolvency administrator of Manz Autom. AG and Tesla Automation GmbH on February 24, 2025 were all fulfilled by the end of February 2025, so that the closing of the transaction could be implemented as planned on March 1, 2025. Tesla Automation GmbH, based in Prüm, a subsidiary of the US manufacturer Tesla, Inc.(USA), has already moved into Manz Autom. 's site in Reutlingen. Tesla Automation took over around 300 employees and had acquired parts of the movable property, plant and equipment and intangible assets.

The second transaction relates to the sale of shares in Manz Autom. Slovakia s.r.o. , based in Nove Mesto nad Vahom (Slovakia), a subsidiary of Manz Autom. AG, to Greatech Technology Berhad (Malaysia) in the form of a share deal. Greatech Technology Berhad, a listed company based in George Town, Pulau Pinang, (Malaysia), is an investment holding company and offers automation solutions in the areas of design, development and production of systems, machines and equipment as well as engineering services via its subsidiaries. The notarized purchase agreement for the acquisition of 100% of the shares was signed on February 28, 2025. Upon completion of the purchase agreement, Greatech took over around 240 employees from Manz Autom. Slovakia on April 8, 2025 and has since continued the business operations, which focus on contract manufacturing for the semiconductor, medical and packaging sectors.

The closing of the Hong Kong-based subgroup Manz Autom. Asia Ltd., which was sold as part of a management buy-out, was also successfully completed on April 16, 2025. The insolvency administrator had concluded a purchase agreement with the managing director of the subsidiaries in China and Taiwan, Mr. Robert Lin, on February 28, 2025. The purchase agreement was still subject to conditions precedent, which have now been fulfilled. The Manz Autom. Asia Ltd. subgroup, based in Hong Kong (China), comprises the subsidiaries Manz Autom. China Suzhou Ltd (Suzhou, China), Manz Autom. Chungli Ltd (Chungli, Taiwan), Manz Autom. Taiwan Ltd (Chungli, Taiwan) and Manz Autom. India Private Ltd (New Dehli, India). The companies in Taiwan and China are production, development, sales and service locations of the Manz Autom. Group, while customers in India are served locally with sales and services. The technological focus of Manz Autom. 's Asian business is on semiconductor solutions, including the FOPLP process (Panel Level Packaging), TGV (Through Glass Via), innovative digital printing solutions and contract manufacturing.

The respective proceeds from the sale went to the insolvency estate of Manz Autom. AG. The parties have agreed not to disclose the purchase prices.

Options are being examined for the remaining subsidiaries in Italy and the USA, with the result that Manz Autom. AG will be left without an operating business or operating investments and will be wound up as part of the standard insolvency proceedings.
 

Contact:

Manz Autom. AG
Steigäckerstrasse 5
72768 Reutlingen
Phone: +49 (0)7121 - 9000-915
E-mail: investor-relations@manz.com