Manz said the insolvency was triggered by the decision of lenders not to provide any further funds. In recent weeks, the board has held intensive discussions with several capital providers and investors for new equity and debt capital. Regardless of the step that is now necessary, the board is continuing discussions with potential investors. In 2023, the company achieved sales of around 250 million euros, and Manz has been in the red in terms of earnings in recent years. Most recently, 1,435 people worked for the company. In 2022, the commercial vehicle manufacturer Daimler Truck acquired around ten percent of the mechanical engineering company as part of a capital increase.
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