Manz AG strengthens the future through the sale of the Hungarian subsidiary

Manz AG strengthens the future through the sale of the Hungarian subsidiary

An important step for Manz AG and your new partner Harro Höfliger Packpackenmaschinen GmbH: The takeover of the Hungarian subsidiary Manz Hungary KFT. In Debrecen, an important moment marks in the European mechanical engineering industry. The sale was successfully completed and the necessary conditions have been met.

strategic realignment by completing sales

Die Manz AG, known for its innovative technologies in mechanical engineering, has not only optimized its production structure through the sale of its Hungarian subsidiary, but also significantly increased its liquidity. As a result of the sale, the company receives cash in the amount of 8 million euros, which will help the AG to pursue new growth strategies and to increase efficiency in production.

takeover and integration of employees

With the takeover of Manz Hungary by the Harro Höfliger Group, the approximately 160 employees of the company remain in their positions. This decision ensures that the knowledge and experience of the workforce can be used to expand the production capacities within the EU. Thomas Weller, CEO of Harro Höfliger, emphasized how important the support of the new colleagues in Debrecen is for the future development of the company.

A look at Manz AG

Manz AG is a global company that specializes in the development of machines for lithium-ion battery production and electronic components. Since its foundation in 1987, the company has continued to develop and generated sales of 249.2 million euros in 2023. Thanks to the wide range of products, Manz can offer tailor -made solutions that are tailored to the needs of their international customers.

The significance of the transaction for industry

This transaction not only illustrates the strategic realignment of Manz AG, but also the trend towards consolidation in the mechanical engineering industry. Due to the close cooperation with Harro Höfliger Packpackungmaschinen GmbH, the two companies are expected to strengthen their market position. This could have a potentially impact on the entire sector of the manufacturing industry in Europe.

outlook for the future

The sale of the Manz Hungary KFT is a sign of change and adaptation in mechanical engineering. Martin Drasch, CEO of Manz AG, has thanked the employees for their valuable work in the past 20 years and is optimistic about the future of cooperation as part of the Harro Höfliger Group. Manz AG remains an important player in the global megatrends of electromobility and digitization.

Overall, this development shows how companies in the dynamic environment of the global markets react and have to adapt in order to remain competitive in the long term. The close cooperation between Manz AG and Harro Höfliger could not only offer opportunities for both companies, but also for the entire industry.

- Nag