Mutares SE & Co. KGaA has completed the acquisition of Magirus from the Iveco Group to strengthen its Automotive & Mobility segment, leveraging Magirus's established position in the firefighting and disaster response industry.

Target Company Overview

Magirus, founded in 1864 and headquartered in Ulm, Germany, is a renowned provider of firefighting vehicles, ladders, and other related service offerings within the emergency response sector. The company generates over EUR 300 million in revenue and employs approximately 1,300 personnel across four locations in Germany, Italy, Austria, and France. Magirus offers a comprehensive range of products designed for fire protection and disaster management, including a full lineup of vehicles, ladders, pumps, and various components and systems, along with customer service and aftersales support.

Magirus maintains a strong international presence, operating in over 70 countries and primarily catering to municipalities, public administrations, airports, and industrial corporations. The company's recognized brand, cutting-edge innovations, and advanced technologies give it a unique competitive advantage, positioning it for future growth in a resilient and expanding market.

Industry Overview in Germany

The firefighting and emergency services market in Germany is characterized by a robust demand for advanced firefighting technologies and equipment. The sector has witnessed steady growth, driven by increasing regulations