Morita Holdings (HD) announced that it will acquire German fire engine manufacturer Magirus for €65 million. The transfer is scheduled for May 2027, with the aim of expanding its overseas business, mainly in Europe.
Morita HD announced that it has agreed to acquire German fire engine manufacturer Magirus for €65 million. Through the acquisition, the company plans to expand its overseas business, mainly in Europe.
Magirus manufactures and sells fire engines, with aerial ladder trucks as its main product. Its 5 subsidiaries in countries including Austria and Italy will also come under Morita HD. The transfer is scheduled for May 2027, and the impact on results for the fiscal year ending March 2027 is described as minor.
Magirus has been pursuing business reform under a German investment fund. For the year ended December 2025, its consolidated sales were €332.33 million and it posted a net loss of €81.78 million. Although losses have continued, orders have been strong, and the acquisition was decided based on the company's expected growth potential.
Morita HD explained that through the acquisition it aims to further advance business reform and expand its operations globally.