Deal Announcement 03/25: Industrial Products / Engineering & Construction

The Deal

The PwC M&A team is pleased to announce the successful sale of Manz Slovakia s.r.o. (“Manz Slovakia”) to Greatech Technology Berhad (“Greatech”). 

Manz Slovakia s.r.o., based in Nove Mesto nad Vahom (Slovakia), has approximately 240 employees and is active in contract manufacturing for various industries, with a focus on the semiconductor, medical and packaging sectors. Manz Slovakia specializes in the manufacturing of standardized and customized equipment.

The parent company Manz AG filed for insolvency in December 2024 due to declining project order intake in the course of an ongoing crisis of the automotive and broader manufacturing industry. Attorney at law Martin Mucha (Grub Brugger) was appointed as preliminary insolvency administrator of Manz AG on 20 December 2025. Shortly after filing for the preliminary insolvency proceedings, a structured, international M&A process led by PwC was initiated.

By the end of February 2025, only 8 weeks after the M&A process has been formally started, Greatech signed the share purchase agreement. The transaction was closed in mid-March 2025.

PwC advised the insolvency administrator and Manz with its in-depth distressed M&A and Industrial Automation expertise. Manz Slovakia has attracted significant interest both from strategic as well as financial investors in Europe, Asia and also globally.

Despite the very ambitious timeline, PwC was able to maintain competition between several interested investors until the signing of the transaction. Greatech finally convinced the sellers with the most attractive offer and strategic concept.

Manz Slovakia

Manz Slovakia s.r.o., based in Nove Mesto nad Vahom (Slovakia), has approximately 240 employees and is active in contract manufacturing for various industries, with a focus on the semiconductor, medical and packaging sectors. Manz Slovakia specializes in the manufacturing of standardized and customized equipment.

Greatech Technology Berhard

Greatech Technology Berhard is a global leader in automated solutions based in George Town, Pulau Pinang, Malaysia with a strong footprint all over the world. With more than 1,500 employees and more than 30 years operating, the Greatech Group serves their customers with innovative, tailor-made automation solutions across multiple end-markets in the fields of design, development and production of systems, machines and equipment, as well as engineering services. 

GRUB BRUGGER 

GRUB BRUGGER is a renowned law firm that has been in existence since 1965 and has specialized over the years in insolvency, restructuring, and business law. With locations in Stuttgart, Frankfurt am Main, Munich, and Freiburg, the firm operates nationally and internationally, advising companies and their creditors in crisis situations, managing insolvency proceedings, and collaborating with financial investors and credit institutions. Their expertise and successful work have been recognized and awarded numerous times in trade and economic press, making them a leading address in Germany in the areas of insolvency and restructuring advice.

Martin Mucha is a prominent partner at GRUB BRUGGER and is recognized in several leading publications, including the JUVE Handbook and the WirtschaftsWoche ranking, as one of the leading experts in insolvency administration and restructuring in Germany. In 2023, he received the award "Self-Administrator of the Year" and was named Lawyer of the Year in restructuring and insolvency law by Handelsblatt. Mucha is also active in various professional associations, including the Association of Insolvency Administrators and Trustees in Germany (VID) and the Gravenbrucher Kreis, further reinforcing his position as a leading expert in this field.

PwC

The global PricewaterhouseCoopers network is a worldwide association of independent auditing and consulting companies which together employ more than 370.000 employees in 149 countries (“global PwC-Network”). Our global network comprises over 3,700 deal professionals all over the world, realising approx. 700 successful transactions per year. 

The M&A team consisted of Timo Klees (Partner), Alexander Knögel (Partner), Martin Schwarzer (Partner), David Schaibasjan (Senior Manager), Julia Jaumann (Senior Manager), Oskar Colombo (Manager), Daniel Menninger (Associate), Brian Heeger (Associate) and Meryem Guerrisi (Associate).