{"id":104782,"date":"2025-01-03T18:43:00","date_gmt":"2025-01-03T21:43:00","guid":{"rendered":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/releases\/releases-geral\/iveco-group-transfers-the-ownership-of-magirus-to-mutares\/"},"modified":"2025-01-03T18:43:00","modified_gmt":"2025-01-03T21:43:00","slug":"iveco-group-transfers-the-ownership-of-magirus-to-mutares","status":"publish","type":"post","link":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/releases\/releases-geral\/iveco-group-transfers-the-ownership-of-magirus-to-mutares\/","title":{"rendered":"Iveco Group transfers the ownership of MAGIRUS to Mutares"},"content":{"rendered":"

Iveco Group N.V.<\/b><\/p>\n

Turin, 3<\/em>rd<\/em><\/sup> January 2025.<\/em> Iveco Group N.V. (EXM: IVG) announces that today the full ownership of Magirus GmbH and its affiliates performing firefighting business (MAGIRUS) has been transferred to Mutares SE & Co. KGaA (ISIN: DE000A2NB650), as per the terms of the agreement described on 13th<\/sup> March 2024, subject to contractual price adjustments primarily reflecting MAGIRUSs actual business performance during 2024.<\/p>\n

Following the agreement with Mutares, the Firefighting Business Unit has been classified as Discontinued Operations since the first quarter of 2024. One-off effects from the transaction are excluded from Iveco Groups adjusted metrics.<\/p>\n

Mutares is a listed private equity holding company that acquires medium-sized companies in special situations which show significant operational improvement potential. Under its new ownership, MAGIRUS is entering into the next chapter in its long-standing history, enabling it to compete even more efficiently and effectively in its unique market. The brand has been serving firefighters and disaster responders around the world since 1864.<\/p>\n

Iveco Group N.V. (EXM: IVG) <\/em><\/strong>is the home of unique people and brands that power your business and mission to advance a more sustainable society. The seven 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; and IVECO CAPITAL, the financing arm which supports them all. As of 31<\/em>st<\/em><\/sup> December 2023, Iveco Group employs more than 36,000 people around the world and has 20 industrial sites and 31 R&D centres. Further information is available on the Companys website <\/em>www.ivecogroup.com<\/em><\/a> <\/p>\n

Media Contacts:<\/strong>
Francesco Polsinelli, Tel: +39 335 1776091
Fabio Lepore, Tel: +39 335 7469007
E-mail: mediarelations@ivecogroup.com<\/a><\/p>\n

Investor Relations:<\/strong>
Federico Donati, Tel: +39 011 0073539
E-mail: investor.relations@ivecogroup.com<\/a><\/p>\n

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