Mutares SE & Co. KGaA $MUX (-0,19%) has signed an agreement to transfer Magirus from the Iveco Group. $IVG (+0,78%) signed. The company will strengthen the Automotive & Mobility segment as a new platform investment.
Magirus is one of the best-known and technologically leading suppliers of firefighting technology worldwide.
Founded in 1864 and headquartered in Ulm, Germany, the company generates sales of over EUR 300 million and employs around 1,300 people at four locations in Germany, Italy, Austria and France.
Magirus offers a comprehensive range of products in the field of firefighting and disaster control, such as a complete program of vehicles, ladders, pumps, components and systems, including customer service and aftersales.
The company is represented in more than 70 countries worldwide and mainly supplies municipalities and public administrations, airports and industrial companies.
With its strong brand, world-class innovation and advanced technologies, the company has a unique competitive position as a leader in its field and is setting the stage for future growth in a resilient and expanding market, while optimizing its supply chain and seizing further overseas market opportunities.