Magirus GmbH changes owner: New CEO leads through change!

Magirus GmbH changes owner: New CEO leads through change!

Ulm, Deutschland - On January 3, 2025, Magirus GmbH, known for its fire brigade equipment, was officially transferred to the Mutares SE & Co. KGAA. The Iveco Group N.V., the previous owner, took this step as part of an agreement, which was announced in March 2024 and is based on Magirus' economic services in 2024, such as IVECO Group reported. This begins a new chapter in the eventful history of the company, which has been supplying fire and emergency services all over the world since 1864.

important changes in leadership

The president of the fire protection industry at Iveco, Thomas Hilse, will now be the fate of Magirus as an interim CEO. Hilse, who has been working in this position since 2021, is considered a key person for the successful transition to mutares. He is supported by Fatmir Veselaj, a Mutares restructuring expert who, as Chief Restructuring Officer (Cro), is to continue to get the company on course. In a statement, Hilse expressed that he was looking forward to the transformation and the upcoming challenges and greet the Mutares management team as a strong partner. This was also supported by Johannes Laumann, the CIO of Mutares, who praised Hilse's leadership qualities and his specialist knowledge was considered decisive for integration into the new corporate structure.

The transmission is considered to be the directional for further development Magirus, since mutares, as a private equity society, specialize in the acquisition of medium-sized companies with potential for operational improvement. The strategic realignment will enable Magirus to act more competitive and efficient on the market, which is of enormous importance in today's world, since the demands on fire engineering technologies are steadily increasing. This transition ensures that Magirus will continue to assert its place as an innovative provider in the field of fire protection and rescue technology, as Fireworld reported.