Mutares signs agreement to sell Magirus firefighter unit to Morita Holdings for EUR 65m

Mutares SE & Co. KGaA has signed a definitive agreement to sell its Magirus Firefighter Business Unit to Morita Holdings Corporation, a Japanese specialist in fire trucks and specialty vehicles, at an equity value of EUR 65 million. Mutares will retain the Magirus Defense & Security Business Unit, which it plans to develop independently under a new brand.

Detected & updated continuously · Source: Nebula