Press release $MUX (-2,2%) 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."