"A new chapter in the 160 years long-standing and proud history of our company has started today. The Iveco Group just announced the signing of a definite agreement with MUTARES to transfer the ownership of Magirus. Subject to regulatory approval, the transaction is expected to be completed no later than January 2025.
MUTARES is a German-based international private equity investor specializing in the automotive and mobility sector and listed in the S-DAX. This transaction will provide Magirus with full independence from Iveco Group and enable a standalone pathway into the future of the firefighting business.
Needless to say, all sales, service and production operations will continue as usual. Since 1864! The year 2024 will be furthermore remarkable for Magirus as the start of this transition coincidences with the 200th birthday of our founder Conrad Dietrich Magirus. On September 26, we will invite the world to Ulm to celebrate his legacy and will also present a revamped product portfolio, the most competitive that Magirus ever had. Stay tuned!"
Statement by Thomas Hilse - President Firefighting
Read more in the Iveco Group press release:
Iveco Group announces an agreement with Mutares to transfer the ownership of MAGIRUS
