Mutares Completes Acquisition of Magirus from Iveco Group

Mutares SE & Co. KGaA has finalized the acquisition of Magirus, a renowned provider of firefighting and disaster control products, from Iveco Group. This strategic move is set to bolster Mutares' Automotive & Mobility segment.

Magirus, founded in 1864 and headquartered in Ulm, Germany, generates revenues exceeding EUR 300 million. The company employs around 1,300 staff across its facilities in Germany, Italy, Austria, and France. It supplies vehicles, ladders, pumps, and related aftersales services to over 70 countries, primarily serving municipalities, airports, and industrial firms.

Magirus' strong brand and innovative technology secure its competitive positioning, promising growth in a resilient market. This acquisition highlights Mutares' commitment to expanding its portfolio with high-potential companies.