Manz AG

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.

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

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

• Capital equipment manufacturing
• Battery production equipment
• Semiconductor packaging
• Industrial automation systems
• Panel-level packaging

Headquarters

HQ city

Reutlingen

HQ country

Germany

HQ region

Europe

Offices8 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. 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.
2. 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.
3. 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

Core 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

Named customers9 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Seiko Epson Corporation (Epson)coreStrategic or Co-development Partner · 12 March 2026Strategic 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 DürrcoreStrategic or Co-development Partner · 15 September 2022Unique 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)minorStrategic or Co-development Partner · 23 February 2022Manz AG opened up a new growth market with investment in a superconductor manufacturer, expanding its technology competence into a new domain.
• Q.big 3DminorStrategic or Co-development Partner · 1 November 2021Manz AG expanded its technology competence around 3D printing through investment in Q.big 3D, a 3D printing technology company.
• GROBcoreStrategic or Co-development Partner · 8 April 2021Strategic 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 or Co-development Partner · 14 January 2020Strategic 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

Broad 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

• Xx.com/Manz_AG
• Facebookfacebook.com/manzag.engineering

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Manz AG