Magirus, a wholly-owned portfolio company of Mutares SE & Co. KGaA $MUX (+1,26 %)has successfully completed the acquisition of Achleitner Fahrzeugbau GmbH, an Austrian company specializing in the design, development and production of tailor-made vehicles for off-road, police, military and paramilitary applications and part of Franz Achleitner Fahrzeugbau und Reifenzentrum GmbH.
Achleitner is an established Austrian manufacturer based in Radfeld, Tyrol. Achleitner Fahrzeugbau focuses on customized vehicle bodies, conversions and advanced all-wheel drive technology for special vehicles and employs over 120 highly qualified staff. The company is known for its high quality standards, strong technical expertise and long-standing partnerships with OEMs.
As an add-on acquisition for Magirus, the product portfolio includes armored vehicles for security and defense as well as all-wheel drive and utility vehicles for difficult terrain.
This transaction will leverage cross-selling opportunities, accelerate international market penetration and increase the scale and profitability of the Infrastructure & Special Industry segment.