Mutares Sells Magirus Firefighter Unit to Morita Holdings

Mutares SE & Co. KGaA has signed an agreement to sell the Magirus Firefighter Business Unit to Morita Holdings Corporation for EUR 65 million. Morita, a prominent Asian manufacturer, plans to expand its European presence through this acquisition.

The transaction excludes the Magirus Defense business, which remains with Mutares and will continue independently under a new brand. The Defense division is poised for growth, focusing on defense vehicles and system solutions, with ongoing discussions with major market participants.

Magirus, acquired by Mutares in January 2025, has undergone significant transformation, improving its operational efficiency. The sale highlights Mutares' strategic focus on enhancing and divesting its acquired entities.