Company Encyclopedia
View More
name
Manz AG
M5Z.DE
News
View More

Manz AG Announces Sale of U.S. Subsidiary to Ekvip Automation GmbH

Manz AG has announced the sale of its U.S. subsidiary, Manz USA Inc., to Ekvip Automation GmbH. The transaction, signed on July 2, 2025, is subject to conditions and will contribute to Manz AG’s insolvency estate, though the purchase price is undisclosed. Ekvip aims to expand its presence in North America and support former Manz USA customers. Martin Mucha, the insolvency administrator, emphasized the importance of maintaining U.S. operations, while Katja Wachsmuth of Ekvip highlighted strategic growth goals in the U.S.

Reuters·
DE
M5Z
0.00%
Reuters·
DE
M5Z
0.00%

Tesla Automation acquires insolvent German supplier Manz AG’s assets

Tesla Automation GmbH, a subsidiary of Tesla Inc., has acquired key assets of the insolvent German supplier Manz AG, which recently entered insolvency proceedings. The deal includes over 300 employees and movable assets from Manz's Reutlingen site, pending approval from the German Federal Cartel Office. While around 100 employees will not transition to Tesla Automation, they will be offered opportunities through a transfer company. Tesla Automation's Managing Director expressed optimism about the acquisition, emphasizing the expertise gained for future innovations in automation projects.

Teslarati·
DE
M5Z
0.00%
US
TSLA
+0.59%
Teslarati·
DE
M5Z
0.00%
US
TSLA
+0.59%