Mutares $MUX (+1,94 %) once again strengthens its position in the defense sector.
Magirus, a wholly owned portfolio company of Mutares SE & Co. KGaA, has signed an agreement to acquire 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, owned by Franz Achleitner Fahrzeugbau und Reifenzentrum GmbH.
The transaction further strengthens the Mutares portfolio company Magirus as an addition to the Infrastructure & Special Industry segment.
The transaction is expected to close in the fourth quarter of 2025, subject to customary conditions.
Achleitner was founded in 1932 and 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 employees.
The company is known for its high quality standards, strong technical expertise and long-standing partnerships with OEMs.
The product portfolio includes armored vehicles for security and defense as well as all-wheel drive and utility vehicles for difficult terrain.
The acquisition of Achleitner's vehicle construction division is an excellent strategic fit with the Magirus Group's portfolio. By combining Achleitner's proven expertise in specialty vehicles for defense and security with Magirus' established leadership position in solutions for fire and rescue services, the Group can offer a broader range of mission-critical vehicles.
This transaction will capitalize on cross-selling opportunities, accelerate international market penetration and increase the scale and profitability of the Infrastructure & Special Industry segment.
Johannes Laumann, CIO of Mutares, comments: "Similar to the acquisition of Steyr Motors, Mutares is again acquiring a jewel of the Austrian defense industry with Achleitner. This step further expands our defense portfolio and strengthens our commitment to homeland security and defense of the national territory in the event of an alliance. At the same time, we are strengthening our presence in the specialty vehicle market by leveraging Achleitner's outstanding technical expertise, strong customer relationships and proven innovative strength. In this way, we are making an important contribution to protecting our country and our territory."