Magirus Joins Mutares Portfolio with EUR 300 Million Revenue Boost
Deal News | Jan 03, 2025 | Mutares
Mutares SE & Co. KGaA has successfully acquired Magirus from Iveco Group, enhancing its portfolio within the Automotive & Mobility sector. Magirus, a renowned global provider of firefighting technology and services, boasts significant annual revenues exceeding €300 million and employs approximately 1,300 individuals across its sites in Germany, Italy, Austria, and France. The acquisition positions Mutares to capitalize on Magirus' strong brand, technological leadership, and established market presence in over 70 countries. The firm's clientele primarily includes municipalities, public administrations, airports, and industrial firms. Mutares aims to leverage Magirus' competitive edge to drive growth by optimizing the supply chain and expanding markets overseas.
Sectors
- Firefighting and Disaster Control Technology
- Private Equity Investments
Geography
- Germany – Magirus is headquartered in Ulm, Germany, and is primarily involved in the operations described in the article.
- Europe – Magirus operates in Italy, Austria, and France, and has a strong market presence across Europe.
Industry
- Firefighting and Disaster Control Technology – Magirus specializes in providing technology and products for firefighting and disaster control, including vehicles, ladders, and pumps.
- Private Equity Investments – Mutares' acquisition of Magirus represents a strategic investment to enhance its portfolio in the Automotive and Mobility segment.
Financials
- EUR 300 million – Annual revenue of Magirus, the company acquired by Mutares.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Mutares SE & Co. KGaA | Acquirer | Company | A private equity firm based in Munich, specializing in acquiring companies to strengthen its portfolio across various segments. |
| Magirus | Target company | Company | A leading provider of firefighting technology and services, with operations in multiple European countries. |
| Iveco Group | Seller | Company | A company previously owning Magirus, sold to Mutares as part of a strategic divestment. |