Press release $MUX (-3,58%) from 30.06.2025

Successful IPO. The offer was oversubscribed several times, the share price rose by 2.5% at the start on the Stockholm Stock Exchange and generated $MUX (-3,58%) a nice million in proceeds.

• Listing of Terranor Group AB (publ) on the Nasdaq First North Growth Market in Stockholm
• One of the leading providers of operation and maintenance services with sales of around EUR 285 million (SEK 3,147 million) in 2024
• Successful turnaround strategy of Mutares since the foundation of Terranor Group AB (publ) as an independent company in 2020/2021
• Mutares sells 25% of the shares and remains majority shareholder with a stake of 75%

Munich, June 30, 2025 - Terranor Group AB (publ) (ISIN: SE0025159023, ticker symbol TERNOR) ("Terranor"), a portfolio company of Mutares SE & Co. KGaA (ISIN: DE000A2NB650) ("Mutares"), made its stock market debut today on the Nasdaq First North Growth Market in Stockholm, Sweden. The initial price was SEK 20.00 per share. This corresponds to a total value of all shares in the company of SEK 400 million, or approximately EUR 36 million.

The placement volume of 5,000,000 existing shares corresponds to 25% of the outstanding shares. With a 75% stake, Mutares remains the majority shareholder of Terranor. The gross proceeds to Mutares amount to approximately SEK 100 million or approximately EUR 9 million. To cover any oversubscription in connection with the offering, Mutares has granted DNB Carnegie an option to purchase up to 750,000 additional existing shares, representing up to 15% of the total number of shares in the offering. Assuming that the over-allotment option is exercised in full, the offer comprises up to 5,750,000 existing shares, representing 28.75% of the total number of shares and voting rights in Terranor.

Mutares has entered into a lock-up agreement not to sell any further shares for a period of 180 days from the first trading day. The lock-up agreement is subject to certain exceptions or the prior written approval of DNB Carnegie. The members of the Board of Directors and the Executive Board of Terranor have committed to a lock-up period of 360 days. Their lock-up agreements are also subject to certain exceptions or prior written approval by DNB Carnegie. In addition, Terranor has undertaken not to increase its capital by issuing shares or other financial instruments for a period of 360 days without the prior written consent of DNB Carnegie or to propose such an increase to the General Meeting, subject to certain exceptions.

Press release $MUX (-3,58%) from 27.06.2025

• Takeover from IVECO Group successfully completed in January 2025
• Transformation measures initiated; visible operational and commercial progress
• Current order backlog of around EUR 600 million; further orders of over EUR 200 million expected

Munich, June 27, 2025 - Following the acquisition of Magirus GmbH from the IVECO Group in January 2025, Mutares SE & Co. KGaA (ISIN: DE000A2NB650) ("Mutares") reports further progress in the operational realignment and commercial development of the portfolio company.

Since joining the Mutares portfolio, Magirus has implemented a number of transformation initiatives. These include a reorganization of the management structure, cost optimization programs, improved project governance and an acceleration of product development. The aim of these measures is to strengthen the operating model and increase market responsiveness.

The company's order backlog has now risen to around EUR 600 million. In addition, Magirus is in the final negotiation phase for a project with a volume of around EUR 200 million. If awarded, this would be the largest single order in the company's recent history.

As part of its 10-point transformation program, Magirus is also pushing ahead with its international expansion. A new legal entity in Switzerland is scheduled to commence operations on October 1, 2025. Preparations for market entries in Spain and the United Arab Emirates are proceeding according to plan. In addition, a new unit will be established in Romania to support the integration of regional suppliers and production coordination. Potential add-on opportunities in Croatia and Austria are currently being examined.

Based on the current pipeline and the ongoing implementation of the strategic roadmap, Magirus continues to consistently pursue the goal of achieving an order backlog of EUR 1 billion by the end of 2025.

Johannes Laumann, CIO of Mutares, comments: "Magirus has made remarkable progress in just a few months. The team is acting with focus and clarity - the momentum we are currently seeing is the result of disciplined work in all areas. We are convinced that Magirus is well on track to achieve its commercial goals and create a solid foundation for sustainable value creation."

Press release $MUX (-3,58%) from 23.06.2025

• Terranor Group AB (publ) aims to be listed on the Nasdaq First North Growth Market in Stockholm in June 2025
• One of the leading providers of operation and maintenance services with revenues of approximately EUR 285 million (SEK 3,147 million) in 2024
• Successful turnaround strategy of Mutares since the foundation of Terranor Group AB (publ) as an independent company in 2020/2021
• Mutares remains a committed majority shareholder

Munich, June 23, 2025 - Mutares SE & Co. KGaA (ISIN: DE000A2NB650) is considering a listing of its portfolio company Terranor Group AB (publ) ("Terranor") through a public offering on the Nasdaq First North Growth Market ("Nasdaq First North") in Stockholm. Trading is expected to commence at the end of June 2025.

Terranor was acquired as a spin-off of NCC's road maintenance activities in Sweden and Finland in 2020 and in Denmark in 2021. The company is today one of the leading providers of operations and maintenance for state and municipal roads in these countries with revenues of approximately EUR 285 million (SEK 3,147 million) in 2024.

During Mutares' ownership, Terranor has expanded its market share through its tendering strategy and is today well positioned in the Nordic region with a number of state, municipal and, to a limited extent, private road operation and maintenance contracts.

An IPO would provide an investment opportunity for institutional and private investors to tap into this market, which is driven by an underlying increase in spending as a result of the focus on maintenance deficits at the state level.

Johannes Laumann, CIO of Mutares, comments: "We are excited to embark on the IPO journey of Terranor, a company that provides services critical to societal infrastructure. This contemplated IPO of Terranor represents a fantastic success for the buy-and-build approach and value creation strategy. Mutares will remain the majority shareholder after the IPO."

$MUX (-3,58%)

Why does the forecast in the chart below look so bad?

https://aktienfinder.net/aktien-profil/Mutares-Aktie

Following the successful IPO of Steyr Motors AG $4X0 (-1,32%) the next IPO from the Mutares portfolio is now on the horizon. $MUX (-3,58%) is on the horizon.

In one of his most recent interviews, CIO Johannes Laumann also mentioned another IPO in 2025 in addition to numerous exits, and now the candidate is also known.

Amaneos SE & Co. KGaA (subsidiary of Mutares since 2023)

https://amaneos.com/de/

FIRST START: targeted Q3/Q4 2025

REVENUE: ~€1.2 billion

INDUSTRY: Automotive supplier (plastic elements)

HQ: Frankfurt

Conclusion: ...and the story goes on 👍🏻

$VOE (-2,92%)
https://ooe.orf.at/stories/3308198/

Earnings before interest, taxes, depreciation and amortization (EBITDA) fall from 1.7 billion to 1.3 billion

Net profit fell from 207 to 179 million euros.

Turnover decreased by 5.6 percent to 15.7 billion euros

Dividend now reduced to 0.60 (previously: 0.70) euros per share.

The decline in earnings was justified by a gloomy market environment and internal restructuring measures within the Group. Among other things, Voestalpine sold the subsidiary Buderus Edelstahl (sale to $MUX) (-3,58%) and adjusted its sales structure.

For 2025/26, the Group expects EBITDA of between EUR 1.4 and 1.55 billion. The announced US tariffs on steel products are likely to have a negative impact on earnings in the mid double-digit million euro range.

Mutares SE & Co. KGaA $MUX (-3,58%) has completed the acquisition of NBHX Trim Europe from Ningbo Lawrence Automotive Interiors Co, Ltd, a subsidiary of Ningbo Huaxiang Electronic Co, Ltd ("NBHX").

The company strengthens Mutares' Automotive & Mobility segment and will complement the Matikon Group within Amaneos as an add-on acquisition.

NBHX Trim Europe is a leading European supplier of decorative surfaces for premium automotive interiors. The company develops and produces interior components in a variety of materials, including aluminum, wood, carbon, leather and injection-molded plastics.

Headquartered in Bruchsal (Germany) with additional production facilities in Rolem (Romania) and Abergavenny (UK), the company generated sales of almost EUR 200 million in 2024 and employs around 2,000 people.

$MUX (-3,58%)

CAUSA Verwaltungs GmbH offers to buy my shares for EUR 8.50 per share.

Have any of you also received this offer? What is behind it, it can't really be serious?

$MUX (-3,58%)
$IVG (-1,51%)

A final joint works meeting with around 2000 employees. "Ambitious goals" are presented for Magirus, Iveco plans to invest 20 million euros in a hall for the electric truck.

By Michael Kroha

21.05.25, 02:17 a.m.

For 50 years, the long-established Ulm-based company Magirus and the Italian commercial vehicle manufacturer Iveco belonged together. In the summer of 2023, however, the end was announced. Since the turn of the year, the takeover of the manufacturer of fire engines and turntable ladders by the new owner, the listed private equity holding company Mutares headquartered in Munich, has been completed. This Tuesday, the Iveco Magirus workforce held a final joint works meeting in the Danube valley in Ulm. For around three and a half hours, some 2000 employees discussed the future of the Magirus and Iveco sites in Ulm.

Mutares has set "ambitious goals" for its new subsidiary, according to a press release sent out afterwards. According to the press release, annual turnover is to double to over 750 million euros by 2030. In 2023, it was still around 300 million. This is to be made possible by a "comprehensive transformation plan", which essentially comprises ten points.

Magirus Defense: New division for civilian and military special vehicles

These include international expansion through the establishment of national subsidiaries in Switzerland, Spain, Poland and the United Arab Emirates. The company is also aiming to "optimize its corporate structure through the targeted reduction of other operating expenses". In addition, a new division, Magirus Defense, is to be established. This is a reaction to the new threat situation and thus the increased demand in the military sector, which also requires special fire fighting vehicles. A service that Magirus already provides, but now wants to offer even more intensively and competitively. Furthermore, the "Dragon", the special vehicle for airports and large-scale firefighting, is to be further developed.

According to the Group, the order backlog at Magirus is at a "historic high". Incoming orders are currently around 30 percent higher than in 2024, reports Thomas Hilse, still Managing Director of Magirus GmbH, in an interview with our editorial team. Hilse will move to the Supervisory Board on July 1, 2025. He will be replaced by Fatmir Veselaj, previously Chief Restructuring Officer, who will assume operational responsibility for the long-established Ulm-based company.

Magirus plans to increase the production of fire department turntable ladders from 200 to 350 units

An "innovation offensive" has been announced in the area of turntable ladders and fire-fighting vehicles. Instead of the 200 to 220 turntable ladders manufactured in Ulm to date, the aim is to produce 350 per year in future. Plus around 1000 fire engines. Around 300 are currently manufactured in the Danube Valley. How the new specified figures will affect the respective production sites remains to be seen. The takeover of companies in Romania and Croatia, which previously served as an "extended workbench", is intended to make production "more cost-efficient".

However, this should not have any impact on Ulm and the approximately 1000 employees there. "We are focusing on Ulm," says Hilse. Wilfried Schmid, Chairman of the Group Works Council at Iveco Magirus AG, also rates the concept presented as "fundamentally positive" because "a plan for the future" has been presented as to how Magirus could develop. There are no plans for redundancies. The company will have to "reorganize to some extent", "but not in a critical area". A partial retirement program has been set up. However, the jobs will "not be changed" for the time being.

In case of doubt, however, work will probably not run out in the immediate vicinity either. Because there was not only news for Magirus employees. Iveco also announced investments at the meeting, reports Works Council Chairman Schmid. In addition to the existing large production hall, a further new hall costing around 20 million euros is planned for the production of the electric truck. The electric series is set to go into series production from the fourth quarter. The large parking lot is also to be rebuilt from this summer at a cost of around one million euros.

https://www.augsburger-allgemeine.de/neu-ulm/magirus-unter-mutares-auf-expansionskurs-umsatz-bis-2030-verdoppeln-neue-militaer-sparte-109089263