Manz AG raises US$37 million in cash for battery business

Facebook
Twitter
LinkedIn
Reddit
Email

Manufacturing equipment firm Manz AG has raised around €26.9 million (US$36.6 million) in through an increase in cash capital, to be used for the ‘internal and external growth of the company’. The company announced this morning that the drive, began yesterday, 27 November, was now completed.

Under an accelerated bookbuilding, qualified investors were offered a total of 448,005 new shares at a set placement price of €60 (US$81.60) per share. This results in gross proceeds of increased cash capital held by the company of €26.9 million (US$36.6 million).

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Manz AG has confirmed that some of the newly added cash proceeds will be invested in the company’s battery business including potential acquisitions. In addition to its solar and display business divisions, Manz AG is currently involved in the manufacturing processes of lithium-ion batteries, as used in electric vehicles.

Capital stock as listed in the company’s balance books increased by the number of shares offered, at a nominal value of €1 each, from €4,480,054 to €4,928,059.

Private bank Bankhaus Lampe acted as sole bookrunner for the offering. The new shares will carry dividend rights from 1 January 2013 and will be included in the quotation of shares in the company’s listing on the Frankfurt Stock Exchange on 2 December this year. Earlier this month, Manz AG revealed that it was expecting to hit record revenue levels of between €260 million (US$348 million) and €270 million (US$362 million) and a positive EBIT, mainly due to strong revenue growth in its display division.

Read Next

September 10, 2025
Indian solar module manufacturer Vikram Solar reported a 79.7% year-on-year increase in revenue for the first quarter of FY26.
September 10, 2025
Cordelio Power has started commercial operations at its 150MW Winfield solar project in Lincoln County, Missouri.
September 10, 2025
Voltalia is seeking compensation for the ongoing curtailment of its Brazilian solar and wind fleet, which has exceeded expectations this year.
September 10, 2025
Japanese solar cell manufacturer Toyo Solar has sold 1.6GW of solar PV cells in the first half of 2025, driving revenue of around US$139 million.
September 10, 2025
The CEFC has said that a coordinated approach to transmission in Pilbara, Western Australia, could save more than AU$30 billion over 25 years.
September 9, 2025
Iberdrola has signed a 77MW power purchase agreement (PPA) with Italian grocery retail group Selex Gruppo Commerciale.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines