Manz AG becomes shareholder of the Customcells Group

Customcells and Manz AG are expanding their cooperation, which has been in place for several years.

The Customcells Group is bringing Manz AG on board as a new shareholder. The high-tech engineering company from Baden-Württemberg previously held a 40 percent stake in Customcells Tübingen GmbH, which it is now exchanging for a stake in the parent company of the premium battery cell manufacturer and developer. Manz AG is thus underlining its confidence in the economic development of Customcells, which operates sites in Itzehoe and Tübingen.

Customcells, one of the leading developers and manufacturers of special lithium-ion battery cells, and Manz AG are further expanding their cooperation, which has existed for several years. The two companies already successfully collaborated in 2019 as part of the so-called KomVar project. This was later followed by Manz AG acquiring a 40 percent stake in Customcells Tübingen GmbH. The machine manufacturer's goal was to tap into new customer groups in this way, among other things. By exchanging the shares in the subsidiary for a stake in the parent company, Manz AG is now consistently developing its strategic commitment to Customcells.

"Manz AG is one of the technology leaders in the field of battery production. With our investment in the Customcells Group, we are further strengthening this positioning and opening up a large number of new topic areas, which the Customcells Group is driving forward holistically at full speed. The aviation sector is the most prominent example, but by no means the only one. The Customcells Group is establishing innovations in the field of process development, from which we, as a high-tech engineering company, participate directly and indirectly," says Martin Drasch, CEO of Manz AG.

"We see Manz AG's investment in our group of companies as an endorsement of the course we have taken with the Customcells Group. We are in the process of positioning Customcells as a premium manufacturer and global player in the battery industry. The support of our investors and shareholders is of outstanding importance in this regard, as is Customcells' openness to a wide range of cooperations in the equipment segment, which we continue to foster," said Dr. Dirk Abendroth, CEO of the Customcells Group.

In addition to Manz AG, 468 Capital, Vsquared Ventures, Porsche Ventures, the financial investor PRIMEPULSE SE, the Hamburg-based family office Abacon Capital, and World Fund hold shares in the Customcells Group, which includes Customcells Tübingen GmbH, Customcells Itzehoe GmbH, and an investment in E-Lyte Innovations GmbH, a company specializing in the development of electrolytes.