Magirus Completes Transition from Iveco Group to Mutares
Deal News | Jan 07, 2025 | Finance Community IT - 1 Corporate M&A
Mutares SE & Co. KGaA has successfully completed the acquisition of Magirus, a leading global provider of firefighting technology, from the Iveco Group. This transaction is expected to bolster Mutares' Automotive & Mobility segment, offering it a new platform for growth. Founded in 1864 and headquartered in Ulm, Germany, Magirus boasts a revenue of over €300 million and employs approximately 1,300 people. The company operates in Germany, Italy, Austria, and France, offering a comprehensive range of products in firefighting and disaster control, including vehicles, components, and after-sales services. With a global reach serving over 70 countries, Magirus holds a competitive advantage characterized by strong branding, innovation excellence, and advanced technology, aiming for future growth in a resilient market by optimizing its supply chain and seizing additional international market opportunities. Financial advisory for Iveco was provided by Lazard, while CMS Legal supported Mutares.
Sectors
- Automotive & Mobility
- Firefighting Technology
- Private Equity
Geography
- Germany – Magirus is headquartered in Ulm, Germany, and represents a significant part of its operations.
- Italy – Magirus was part of the Iveco Group, based in Italy, highlighting its involvement in the transaction.
- Europe – Magirus has significant operations across Germany, Italy, Austria, and France, indicating a strong European presence.
Industry
- Automotive & Mobility – Mutares is expanding its Automotive & Mobility segment with the acquisition of Magirus, integrating technology solutions into this sector.
- Firefighting Technology – Magirus is a key player in firefighting technology, enhancing Mutares' portfolio with advanced and innovative solutions in this niche industry.
- Private Equity – Mutares SE & Co. KGaA operates within the private equity sector, utilizing strategic acquisitions to grow its business divisions.
Financials
- 300 million euros – The annual revenue of Magirus, indicating the financial scale of the acquired entity.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Magirus | Target Company | Company | Magirus is a renowned global supplier of firefighting technology, recently acquired by Mutares. |
| Iveco Group | Selling Company | Company | Iveco Group was the previous owner of Magirus and is based in Italy. |
| Mutares SE & Co. KGaA | Bidding Company | Company | Mutares is a European private equity firm that recently acquired Magirus to expand its Automotive & Mobility segment. |
| Lazard | Financial Advisor | Company | Lazard acted as the financial advisor for Iveco Group in the sale of Magirus. |
| Gatti Pavesi Bianchi Ludovici | Legal Advisor | Company | Provided legal advisory services for Iveco Group during the transaction. |
| CMS Legal | Legal Advisor | Company | Advised Mutares on legal matters during the acquisition of Magirus. |