07/24/2024 12:50:00 CEST
Manz AG, a globally active high-tech mechanical engineering company with a comprehensive technology portfolio, has completed the sale of its Hungarian subsidiary Manz Hungary Kft, Debrecen. The shares were sold to Harro Höfliger Verpackungsmaschinen GmbH, Allmersbach, as part of a share deal. The conditions required for the completion of the transaction were fulfilled.
Manz Hungary Kft. specializes in the machining and welding of large-format objects. It also offers CNC milling and turning as well as the assembly of components and machines. By selling the subsidiary to Harro Höfliger, Manz AG is optimizing its production structure and increasing its flexibility in the manufacturing process through future close cooperation with Harro Höfliger Verpackungsmaschinen GmbH. In addition, Manz AG strengthens its liquidity: Upon closing, Manz AG will receive cash proceeds of EUR 8 million from the transaction.
Martin Drasch, CEO of Manz AG, explains: “We would like to thank the employees for their achievements over the past 20 years and for their high-quality work, which has enabled us to lay a very good foundation for growth. We look forward to further cooperation under the new management of the Harro Höfliger Group and wish them continued success”.
"The acquisition of Manz Hungary is an important step towards building up further production capacities within the European Union. We are very much looking forward to the support of our new colleagues in Debrecen,” emphasizes Thomas Weller, CEO of Harro Höfliger. The approximately 160 employees will all be taken on.
from left to right: Thomas Heckner (COO Harro Höfliger), Martin Drasch (CEO Manz AG), Thomas Weller (CEO Harro Höfliger), Csaba Juhasz (Managing Director Hungary), Uwe Amann (CHRO Harro Höfliger).
