Manz AG
Manz AG was a German mechanical engineering firm that developed production equipment and turnkey lines for battery, electronics, and semiconductor manufacturers. Following insolvency proceedings opened in February 2025, its operating subsidiaries were divested to Tesla Automation, Greatech, and management buyers, and the parent is winding down.
- Company typePublic
- Founded1987
- HeadquartersReutlingen, Germany
- Headcount1,001–5,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Manz AG does
Manz AG was a German mechanical engineering company listed on the Frankfurt Stock Exchange (with additional listings in Stuttgart, Düsseldorf, Munich, Hamburg, and Berlin) that designed and built specialized production equipment and turnkey factory lines. The company served automotive (including e-mobility), battery cell manufacturing, electronics, energy, and semiconductor customers, delivering machinery ranging from custom single laboratory units to standardized modules and complete production lines. Reported financials describe a single-class share capital of EUR 10,251,088, with historical revenue scaling in the reported EUR hundreds-of-millions range and order intake of approximately EUR 30 million (2022) declining to roughly EUR 25 million (2023) before weakening further in 2024 amid a slowdown in battery cell equipment demand.
Core technology platforms centered on Fan-Out Panel Level Packaging (FOPLP), Redistribution Layer (RDL) production lines, electrochemical deposition systems for Through-Glass-Via (TGV) processing, maskless industrial inkjet printing, and battery cell assembly equipment such as the Omni 310x module. Adjacent software included a production-monitoring toolkit branded smartPRODUCTIONKIT. Strategic external partnerships complemented the in-house technology stack — notably Epson for industrial inkjet printheads, XTPL for laser-based deposition, and Forge Nano for battery coating — alongside a multi-party battery cell manufacturing consortium including Daimler Truck, GROB, Dürr, and AKASOL. Named end customers referenced in the input included Tesla, Daimler Truck, Britishvolt (subsequently bankrupt), InoBat Auto, and AKASOL.
The business model was capital-equipment sales: large, project-based line contracts to OEMs and tier-1 suppliers (battery, display, semiconductor packaging), supplemented by after-sales service and contract/pilot-line manufacturing at the Reutlingen site. Customer concentration was structurally high given the small number of qualified battery and display buyers, and the central customer relationships ultimately became a vulnerability when flagship demand (notably Britishvolt) evaporated. Following the December 2024 insolvency filing and the February 24, 2025 opening of proceedings at the Reutlingen District Court, all four operating subsidiaries were divested: Reutlingen to Tesla Automation (February 28, 2025), Manz Asia via a Robert Lin MBO (April 30, 2025), Manz Slovakia to Greatech (April 30, 2025), and Manz USA to ekvip automation (July 1, 2025). The parent entity applied for revocation of all six German stock-exchange listings with delisting expected in Q3 2026, leaving Manz AG as a residual shell in wind-down with no continuing operating business.
Manz AG firmographics
Firmographics- Name
- Manz AG
- Legal name
- Manz AG
- Website
- https://manz.com
- Company type
- Public
- Founded year
- 1987
- Operating status
- Closed
- Headcount range
- 1,001–5,000 employees
- Short description
- Manz AG was a German mechanical engineering firm that developed production equipment and turnkey lines for battery, electronics, and semiconductor manufacturers. Following insolvency proceedings opened in February 2025, its operating subsidiaries were divested to Tesla Automation, Greatech, and management buyers, and the parent is winding down.
- Ownership category
- akta.pro rank
Manz AG industry classification
Industry- Product category
- Industrial Automation Equipment
- NAICS
- Industrial Machinery Manufacturing (33324), Semiconductor Machinery Manufacturing (333242), Industrial Machinery Manufacturing (3332)
- SIC
- Special Industry Machinery (No Metalworking Machinery) (3550), General Industrial Machinery & Equipment (3560)
- akta.pro primary industry
- Battery Manufacturing Equipment & Gigafactory Automation (Coating, Calendering, Stacking/Winding) (EUAFABAM)
Keywords
Where Manz AG is headquartered
LocationHeadquarters
- HQ city
- Reutlingen
- HQ country
- Germany
- HQ region
- Europe
Offices8 records
Markets served
Manz AG business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Supply Chain, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Capital Equipment Sales: Manz AG generated revenue primarily through the sale of capital equipment, custom machines, standardized modules, and turnkey production lines to industrial customers in automotive, battery, electronics, and semiconductor sectors.
- Contract Manufacturing: Contract manufacturing services were provided through subsidiaries, particularly Manz Slovakia which focused on contract manufacturing for semiconductor, medical, and packaging sectors. This represented a secondary revenue stream alongside equipment sales.
- After-Sales Services: Service and after-sales support for installed equipment, including maintenance, servicing, and optimization of system software.
Go-to-market motion2 records
Distribution channels1 record
Marketing channels4 records
Manz AG product offering
Product offeringCore offering
Manz AG developed and built high-tech production equipment and turnkey production lines for the automotive, e-mobility, battery manufacturing, electronics, display, and semiconductor industries. Its portfolio spanned custom single machines for laboratory or pilot production, standardized modules and systems, and complete turnkey lines for mass production, with proprietary capabilities in wet-chemical processing, laser processing, automation, and panel-level packaging (FOPLP, TGV, RDL).
Product overview
Manz AG was a German machinery engineering company headquartered in Reutlingen, Germany, that developed and built production solutions for lithium-ion batteries, electronic components, and devices for the automotive, e-mobility, electronics, energy, and battery manufacturing sectors. The company offered a range of solutions from custom single machines for laboratory or pilot production, through standardized modules and systems, to turnkey lines for mass production. The core technology portfolio included FOPLP (Fan-Out Panel Level Packaging) production lines, the Omni 310x platform for electrochemical deposition, RDL production lines, Lab-to-Fab inkjet systems (developed with Epson), TGV technology, robot handling systems, and the LightAssembly automated assembly platform. Manz AG also provided the smartPRODUCTIONKIT software platform for production monitoring and the Laser Application Center for development support. Following insolvency proceedings in February 2025, the company sold its battery cell production business to Tesla Automation, Slovakia operations to Greatech Technology Berhad, and the Asia subgroup (Manz Asia) was acquired through a management buy-out by Robert Lin. The remaining Manz AG entity is being wound down without operating business.
Differentiator
Problem solved
Functional benefit
Products and services
- FOPLP Production Line (Fan-Out Panel Level Packaging) Production line for manufacturing large-format (700mm x 700mm) panels using Fan-Out Panel Level Packaging technology, used by semiconductor manufacturers for advanced packaging applications.
- Omni 310x Panel-Level Packaging ECD Production System Panel-level packaging electrochemical deposition (ECD) mass production system supporting advanced packaging architectures including FOPLP, CoPoS, and TGV for AI, HPC, and high-bandwidth memory applications.
- RDL Production Line (Redistribution Layer) Fully automated Redistribution Layer (RDL) production line for panel-level packaging in semiconductor manufacturing.
- Lab-to-Fab Inkjet Systems for Semiconductor Manufacturing Inkjet-driven semiconductor manufacturing systems covering R&D, pilot production, and mass manufacturing for 2.5D/3D antenna structures, heatsinks, and bonding layers, developed in partnership with Seiko Epson using precision printhead technology.
- Lithium-Ion Battery Production Equipment
Quantifiable outcome
- First FOPLP production line for 700mm x 700mm panels delivered in 2022.
- +3 more outcomes
Companies that use Manz AG
Customer profileNamed customers9 records
Segments4 records
Ideal customer profiles4 records
Manz AG technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature8 records
Manz AG partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- Seiko Epson Corporation (Epson)coreStrategic partnership to develop and commercialize advanced inkjet technology for semiconductor manufacturing. Manz Asia's equipment engineering and process integration expertise was combined with Epson's precision printhead technology. Joint Lab-to-Fab inkjet equipment covers R&D, pilot production, and mass manufacturing stages. A laboratory was established at Manz Asia's R&D Center in Taoyuan City, Taiwan in November 2024.
- GROB-WERKE and DürrcoreUnique European cooperation in the field of production technology for lithium-ion batteries. Manz, GROB-WERKE, and Dürr combined their expertise to present a concept factory for battery production at the Battery Show Europe in 2024, covering the entire battery production process chain.
- Superconductor manufacturer (unnamed)minorManz AG opened up a new growth market with investment in a superconductor manufacturer, expanding its technology competence into a new domain.
- Q.big 3DminorManz AG expanded its technology competence around 3D printing through investment in Q.big 3D, a 3D printing technology company.
- GROBcoreStrategic cooperation in the field of lithium-ion battery systems. The cooperation combined Manz's expertise in battery production equipment with GROB's capabilities in machine tools and automation.
- Shenzhen Yinghe TechnologyminorStrategic cooperation in the field of lithium-ion cell and module production. The partnership combined Manz's equipment expertise with Yinghe's market position in China.
Scale indicators7 records
Recent moves11 records
Expansion highlights2 records
Manz AG competitors and assessment
Company assessmentBroad incumbents
- Dürr AG: Global mechanical and plant engineering group and direct partner in the Manz/GROB-WERKE/Dürr European battery production cooperation. Competes in automotive paint shops, battery electrode coating, and final assembly lines - all overlapping with Manz's battery and e-mobility equipment offerings.
- SCREEN Holdings Co., Ltd. Japanese semiconductor equipment manufacturer supplying wafer cleaning, coating, and advanced packaging solutions. Comparable to Manz Asia in wet chemical processing equipment for semiconductor manufacturing, particularly in advanced packaging and panel-level applications.
- KUKA AG: German-based global leader in industrial robotics and automation systems for automotive, electronics, and battery production. Broader portfolio than Manz, but directly overlaps in turnkey battery cell/module assembly automation and automotive production lines.
Direct peers
- GROB-WERKE GmbH & Co. KG: Specializes in automation systems and machine tools, with a strong focus on battery cell manufacturing equipment. Direct partner in the unique European Li-ion battery production cooperation with Manz AG and Dürr, making it the closest comparable peer for Manz's battery production business.
- Greatech Technology Berhad: Malaysian automation specialist that acquired Manz Slovakia s.r.o. in April 2025. Strongly comparable as a competitor in solar, semiconductor, and battery production line automation, and now a direct successor owner of Manz's contract manufacturing assets.
- EV Group (EVG): Austrian specialist in wafer bonding, nanoimprint lithography, and advanced packaging equipment for semiconductor, MEMS, and photonics. Direct overlap with Manz Asia's advanced packaging technology portfolio, particularly around heterogeneous integration and emerging memory architectures.
- Besi (BE Semiconductor Industries): Leading manufacturer of assembly equipment for the semiconductor industry, particularly die bonding and advanced packaging. Highly comparable to Manz Asia's portfolio of semiconductor packaging equipment for high-end computing and memory applications.
- ASMPT (ASM Pacific Technology): Leading global supplier of semiconductor assembly and packaging equipment, including advanced packaging solutions for AI/HPC, FOWLP, and panel-level packaging. Competes directly with Manz Asia's Omni 310x ECD, FOPLP, and RDL production lines for the same set of OSAT and foundry customers.
- SÜSS MicroTec SE: Specializes in lithography, wafer processing, and advanced packaging equipment for MEMS, LEDs, and semiconductor back-end processing. Strongly comparable to Manz Asia in advanced semiconductor packaging tools, including competing offerings in RDL and panel-level packaging.
- Shenzhen Yinghe Technology: Chinese supplier of lithium-ion cell and module production equipment. Direct strategic partner of Manz AG (2020) and direct competitor in battery production equipment for the China market, with strong overlap in cell assembly and module line offerings.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights5 records
Customer concentration
Manz AG social profiles
Digital presenceManz AG financial estimates
Financial estimateRevenue estimate
Valuation estimate
Manz AG leadership team
Management profileNumber of profiles
Profiles7 records
Manz AG funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Manz AG M&A and investment
M&A and investmentM&A1 record
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Manz AG
What does Manz AG do?
Manz AG developed and built high-tech production equipment and turnkey production lines for the automotive, e-mobility, battery manufacturing, electronics, display, and semiconductor industries. Its portfolio spanned custom single machines for laboratory or pilot production, standardized modules and systems, and complete turnkey lines for mass production, with proprietary capabilities in wet-chemical processing, laser processing, automation, and panel-level packaging (FOPLP, TGV, RDL).
Is Manz AG a public or private company?
Manz AG is a public company. It is classified as public and is currently closed.
When was Manz AG founded?
Manz AG was founded in 1987. It employs 1,001 to 5,000 people.
Where is Manz AG based?
Manz AG is headquartered in Reutlingen, Germany, in the Europe region.
How does Manz AG make money?
Three revenue lines are on record. Capital Equipment Sales are the primary driver. The others are contract Manufacturing and after-Sales Services.
Who are Manz AG's main competitors?
Broad incumbents on record are Dürr AG, SCREEN Holdings Co., Ltd. and KUKA AG. Direct peers are GROB-WERKE GmbH & Co. KG, Greatech Technology Berhad, EV Group (EVG), Besi (BE Semiconductor Industries), ASMPT (ASM Pacific Technology), SÜSS MicroTec SE and Shenzhen Yinghe Technology.
Does Manz AG have an API?
No public API is recorded for Manz AG.
What industry is Manz AG in?
Manz AG's product category is Industrial Automation Equipment. Its primary akta.pro industry code is EUAFABAM, Battery Manufacturing Equipment & Gigafactory Automation (Coating, Calendering, Stacking/Winding). Its NAICS code is 33324 and its SIC code is 3550.