Mutares SE & Co. KGaA $MUX (-1,6%) has signed an agreement to acquire the crane division of Hyva.
The transaction strengthens Mutares' Goods & Services segment as a new platform investment and is expected to be completed in the fourth quarter of 2025, subject to antitrust approval.
Hyva's Cranes division is an internationally established manufacturer and distributor of cranes and comprehensive services that designs, manufactures and services truck cranes for major global markets as part of a multi-brand strategy. The company generates sales of approximately EUR 100 million and employs around 400 people.
It has production and assembly plants in Italy, Brazil and China as well as a global network of sales and distribution offices to ensure local delivery and customer support.
The company's product portfolio serves various industries such as commercial and residential construction, infrastructure, marine equipment and many more, ensuring the necessary flexibility while maintaining cost efficiency and an optimal price-performance ratio.
With its diversified brand portfolio, deep experience in the development of compact and mid-sized crane applications and exceptionally well-established global presence, the company generates significant value in its niche and taps into high growth potential in emerging and developed markets, further strengthening its global market position.
Johannes Laumann, CIO of Mutares, comments: "Hyva's Cranes business is a promising new platform for our Goods & Services segment with a globally recognized brand for truck cranes. The business offers an opportunity for a turnaround and carve-out due to recent financial weakness and operational inefficiencies. With our proven expertise in carve-outs and restructurings, we aim to restore profitability and drive sustainable growth. With a hands-on approach and a long-term investment strategy, we see the company as a valuable addition to the Mutares portfolio."
