Iveco Group announces an agreement with Mutares to transfer the ownership of MAGIR
14 3월 2024 - 4:00AM
Turin, 13th March 2024. Iveco Group (EXM: IVG)
and Mutares SE & Co. KGaA (ISIN: DE000A2NB650), an investment
holding focused on special situations transactions, announced today
the signing of a definitive agreement for the transfer of ownership
of Magirus GmbH and its affiliates performing firefighting business
(“MAGIRUS”). MAGIRUS manufactures and sells firefighting vehicles
and equipment and employs more than 1,300 employees in Germany,
Italy, France and Austria. In 2023, MAGIRUS represented
approximately 2% of Iveco Group revenues and recorded an Adjusted
EBIT loss of €35 million.
Subject to regulatory approval, the transaction
is expected to be completed no later than January 2025, therefore
in a timeframe that allows for a consistent transition in the
interest of all stakeholders. As a result of this transaction,
Iveco Group 2024 results will be negatively impacted by
approximately €115 million in the first quarter of 2024. This
one-off negative earnings effect will be excluded from all adjusted
metrics.
This transaction will provide MAGIRUS with full
independence from Iveco Group and enable a standalone pathway into
the future of the firefighting business. Under its new ownership,
MAGIRUS will be more flexible and agile to capture opportunities
delivering a renewed, stable, and healthy trajectory This marks a
new chapter in the long-standing history of the brand, enabling it
to compete even more efficiently and effectively in its unique
market.
Mutares is a listed private equity holding
company with offices in Munich (HQ), Amsterdam, Frankfurt,
Helsinki, London, Madrid, Milan, Paris, Shanghai, Stockholm, Vienna
and Warsaw, acquiring medium-sized companies in special situations
which show significant operational improvement potential.
Since 1864, MAGIRUS has represented a
combination of innovation and tradition - serving firefighters
around the world. With a comprehensive range of modern and reliable
firefighting vehicles, turntable ladders, rescue and logistics
vehicles, special solutions, pumps, and portable pumps, MAGIRUS is
one of the largest and most technologically advanced providers of
firefighting and disaster control technology worldwide. Its
business continues as usual, including services and support, with a
full focus on employees, customers and partners.
Iveco Group N.V. (EXM: IVG) is
the home of unique people and brands that power your business and
mission to advance a more sustainable society. The eight brands are
each a major force in its specific business: IVECO, a pioneering
commercial vehicles brand that designs, manufactures, and markets
heavy, medium, and light-duty trucks; FPT Industrial, a global
leader in a vast array of advanced powertrain technologies in the
agriculture, construction, marine, power generation, and commercial
vehicles sectors; IVECO BUS and HEULIEZ, mass-transit and premium
bus and coach brands; IDV, for highly specialised defence and civil
protection equipment; ASTRA, a leader in large-scale heavy-duty
quarry and construction vehicles; MAGIRUS, the industry-reputed
firefighting vehicle and equipment manufacturer; and IVECO CAPITAL,
the financing arm which supports them all. Iveco Group employs more
than 35,000 people around the world and has 20 industrial sites and
29 R&D centres. Further information is available on the
Company’s website www.ivecogroup.com
Media Contacts:Francesco Polsinelli, Tel: +39
335 1776091Fabio Lepore, Tel: +39 335 7469007E-mail:
mediarelations@ivecogroup.com
Investor Relations:Federico Donati, Tel: +39
011 0073539 E-mail: investor.relations@ivecogroup.com
- 20240314_PR_Iveco_Group_Mutares_MAGIRUS
Iveco Group NV (BIT:IVG)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024
Iveco Group NV (BIT:IVG)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024