Manz Slovakia Becomes Part of Greatech Technology Berhad
Nové Mesto nad Váhom, March 3, 2025 – Manz Slovakia s.r.o., a subsidiary of the German Manz Group, has officially joined Malaysian company Greatech Technology Berhad, marking a new chapter in the firm’s ongoing development. The acquisition follows recent financial challenges faced by Manz Group and promises continued operations, enhanced stability, and a renewed focus on automation technologies.
Background: Manz Group’s Financial Troubles
The German parent company, Manz Group, known primarily for its activities in the mechanical engineering sector, encountered significant financial pressure in recent months. By the end of 2024, Manz declared provisional insolvency due to a steep decline in the European battery cell market. This downturn particularly affected the company’s strategic focus on the production and development of battery cells, an area aligned with the burgeoning e-mobility sector. The unexpected collapse of this market segment severely impacted Manz’s financial health, leading to instability within the group’s German headquarters.
Manz Slovakia: A Diverse Engineering Specialist
Manz Slovakia operates with approximately 250 employees in Nové Mesto nad Váhom. Its business portfolio is broad, encompassing not only the automotive and electromobility industries but also battery manufacturing, electronics, semiconductor equipment, and medical technology. The company delivers comprehensive engineering solutions — ranging from specialized one-off machines and small series production to standardized modules and fully automated production lines tailored for mass manufacturing.
Acquisition by Greatech Technology Berhad
On February 28, 2025, Greatech Technology Berhad, headquartered in Malaysia and operating subsidiaries worldwide, concluded a purchase agreement that made it the sole shareholder of Manz Slovakia. Greatech specializes in the design and manufacture of automation solutions for production equipment. It also provides consulting services, maintenance, training, and customer support in automation technology.
With this acquisition, Greatech Technology plans to maintain and further develop Manz Slovakia’s business operations, ensuring continuity and leveraging synergies between the two firms’ engineering competencies.
Managing Director’s Remarks
Richard Seriš, Managing Director of Manz Slovakia, commented on the transition:
"The last two months have been extremely challenging for all of us at Manz Slovakia. Operating amid uncertainty is never easy, but thanks to the dedication of our employees, the support of our business partners, and the trust of our customers, we have successfully reached this important new milestone."
He added that the change in ownership secures the company’s future, strengthening financial stability and providing clear direction, particularly in automation. Ongoing projects managed by experienced expert teams will continue without interruption.
"Our vision and goals remain unchanged — we are building a stable and modern company that fosters innovation and growth," Seriš concluded.
Looking Ahead
The integration of Manz Slovakia into the Greatech Group offers promising prospects for the Slovak subsidiary and its workforce. The consolidation is poised to enhance operational resilience and expand market reach amid a dynamic and challenging industrial landscape.
Photo: Manz Slovakia
For more information, visit the official websites of Manz Slovakia and Greatech Technology Berhad.
