Business · Companies · 6 hrs ago
Morita Holdings to buy German fire truck maker Magirus for €65 million
Japan’s Morita Holdings plans to buy German fire truck maker Magirus for €65 million, about ¥11.5 billion.
Magirus makes and sells fire vehicles, with ladder trucks as its main product.
Five Magirus subsidiaries in Austria, Italy and other countries will also come under Morita’s control.
The transfer is planned for May 2027, and Magirus’s results are expected to be included in Morita’s accounts from the year ending March 2028.
Magirus reported a net loss of €81.78 million for the year ended December 2025, though its orders are strong.
Morita expects the company to grow and plans to push ahead with business reforms.
The deal is part of Morita’s effort to expand overseas, especially in Europe.
Morita Holdings announced that it will buy German fire truck maker Magirus for €65 million.
The acquisition is aimed at expanding Morita’s business overseas, particularly in Europe.
Magirus makes and sells fire vehicles, with ladder trucks as its main product.
The deal is expected to be completed in May 2027, and Magirus’s results are due to be included in Morita’s accounts from the year ending March 2028.
Magirus recorded a net loss of €81.78 million for the year ended December 2025, but Morita cited strong orders and growth potential.
- Who
- Morita Holdings and German fire truck maker Magirus.
- What
- Morita announced it will acquire Magirus for €65 million.
- When
- The announcement was made on November 10, 2026. The transfer is planned for May 2027.
- Where
- Magirus is based in Germany; it also has five subsidiaries in countries including Austria and Italy.
- Why
- Morita aims to expand its overseas business, especially in Europe. It sees growth potential in Magirus because of strong orders.
This story does not have two clearly opposing sides.
Morita Holdings announced it would acquire Magirus.
The transfer of Magirus is planned to take place.
Magirus’s financial results are expected to begin being reflected in Morita’s results.
- Purchase price
- €65 million
- Magirus subsidiaries
- Five, including subsidiaries in Austria and Italy
- Magirus 2025 net loss
- €81.78 million
- Planned transfer
- May 2027
- Results included from
- Year ending March 2028