Manz Faces Insolvency Amid Financial Struggles

Manz, a prominent mechanical engineering firm based in Reutlingen, is on the brink of insolvency. Despite generating €250 million in sales in 2023, the company has faced continuous financial losses over recent years.

In 2022, Daimler Truck acquired a 10% stake in Manz, yet the company has not been able to stabilize its finances. With 1,435 employees currently on its payroll, Manz is now in urgent discussions with potential investors to secure new equity and debt capital.

The decision to file for insolvency follows the refusal of creditors to provide additional funding, marking a critical juncture for the firm. As the company prepares to file for insolvency in the coming days, it reflects a broader trend of increasing insolvency cases, particularly affecting the automotive sector this year.

Manz's situation underscores the challenges faced by traditional engineering firms adapting to the evolving demands of the modern industry landscape.