Mutares takes over Magirus: Strengthening fire engineering worldwide!

Mutares takes over Magirus: Strengthening fire engineering worldwide!

Salzgitter, Deutschland - mutares SE & Co. KGAA has signed an agreement on the transfer of Magirus GmbH from the Iveco Group, as Magazine . The Mutares segment strengthens this takeover and is an important step towards expansion in a stable and growth -oriented market.

Magirus GmbH was founded in Ulm in 1864 and has established itself as the leading provider of fire fighting and disaster protection technologies. With sales of over 300 million euros and around 1,300 employees who work at four locations in Germany, Italy, Austria and France, the company has a comprehensive product portfolio. This includes extinguishing vehicles, turntable ladders, special vehicles and systems such as pumps, components and complete extinguishing systems. Magirus supplies customers in over 70 countries, including municipalities, public administrations, airports and industrial companies.

strategic importance of the takeover

The takeover has a strategic importance for mutares because it expands the portfolio in the Automotive & Mobility area. Mutares CEO Robin Laik emphasizes the strengthening of the sector and growth potential in international markets. The core advantages of the takeover include the market leadership of Magirus in fire engineering, advanced technology and innovations for fire fighting as well as robust growth potential, especially in overseas markets.

The planned optimization of the supply chain is intended to increase the surgical efficiency of Magirus. Mutares has its headquarters in Munich and specializes in the acquisition and restructuring of companies in upheaval situations. For 2024, group sales of 5.7 to 6.3 billion euros are expected, with the aim of reaching sales of 10 billion euros by 2028. Further details on this promising merger can be found in an article by Capital market experts .

-transmitted by West-Ost-Medien