EQS-News

Second acquisition in 2024: Mutares has signed an agreement for the transfer of Magirus from Iveco Group

EQS-News: Mutares SE & Co. KGaA / Key word(s): Investment/Takeover Second acquisition in 2024: Mutares has signed an agreement for the transfer of Magirus from Iveco Group 13.03.2024 / 20:00 CET/CEST The issuer is solely responsible for the content of this announcement. Second acquisition in 2024: Mutares has signed an agreement for the transfer of Magirus from Iveco Group

• Well-known provider of vehicles, ladders and other products and related aftersales services in the firefighting and disaster control markets
• New platform investment to strengthen the Goods & Services segment
• Revenues over EUR 300 million

Munich, March 13, 2024 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has signed an agreement for the transfer of Magirus from Iveco Group (EXM: IVG). The company will strengthen the Goods & Services segment as a new platform. Due to the required unbundling measures, the transaction is expected to be completed no later than January 2025.

Magirus is amongst the best-known and most technologically leading providers of firefighting technology worldwide. Founded in 1864 and headquartered in Ulm, Germany, the company generates over EUR 300 million in revenues and employs around 1,300 staff at its four sites in Germany, Italy, Austria and France. Magirus offers a comprehensive range of products in the firefighting and disaster control field, such as a complete range of vehicles, ladders, pumps and components & systems, including customer service and aftersales. The company has a global commercial presence serving over 70 countries, its main customers are municipalities and public administrations, airports and industrial companies.

With its strong brand, best-in-class innovation and advanced technology, the company has a unique competitive positioning as a leader in its field, drawing the way for future growth in a resilient and expanding market while optimizing its supply chain and seizing further market opportunities overseas.

Mark Friedrich, CFO of Mutares, comments on the transaction: “Magirus is a typical Mutares acquisition where the company stands for a reputed brand with high quality and represents a compelling value proposition. We therefore see huge potential in the business and are looking forward to further leveraging on its position in Europe and globally.”