German Machinery Firm Manz Files for Insolvency After Financial Collapse

The Reutlingen-based company cites years of losses, halted credit lines, and investor withdrawal as key factors leading to its insolvency filing.

Manz AG, a prominent machinery manufacturer with over 1,400 employees, has filed for insolvency due to insolvency-related debt and financial instability.
The company's financial troubles worsened after banks refused to extend further credit and a potential investor withdrew late in negotiations.
Manz has faced consistent losses in recent years despite generating €250 million in revenue in 2023 and partnerships with major companies like Daimler Truck and Shanghai Electric.
The firm's stock value plummeted by over 80%, dropping from a peak of €70 in 2021 to just €0.60 following the insolvency announcement.
The crisis reflects broader challenges in the machinery sector, including declining demand for electric vehicles, rising costs, and international competition.