Morita Holdings Corporation acquires Magirus Firefighter Business Unit
SourcingClub was not involved in this transaction.
Mutares signs the agreement to sell the Magirus Firefighter Business Unit to the Japanese fire engine manufacturer Morita Holdings for an equity value of €65m. The defence business remains with Mutares and continues under a new brand.
eqs-news.comHow the deal fits together.
- Mutares SE & Co. KGaASeller
Target: Magirus Firefighter Business Unit
Buyer: Morita Holdings Corporation
Who was involved.
- Buyer
- Morita Holdings Corporation
- Target
- Magirus Firefighter Business Unit, Ulm
- Seller
- Mutares SE & Co. KGaA
- Type
- Carve-out
- Sector
- Industrials and engineering
- Country
Germany- First reported
- 09/11/2026
- Source
- eqs-news.com
Deal-Radar no. 46-019 · publicly reported, no guarantee · SourcingClub was not involved in this transaction. Report an error · Method
Valuation in this industry.
3.5 to 7.3times EBITDA
- 3.5x to 4.7xRevenue under €5m
- 4.6x to 6.0x€5m to €50m
- 5.6x to 7.3xover €50m
Market range for Machinery & Plant Engineering, not the price of this deal. Data basis: DUB KMU-Multiples, Q3/2026; preparation: SourcingClub.
Multiples by size class for Machinery & Plant Engineering 19 deals in this industry on the radar
November 2026 on the Deal-Radar.
14 of 109 deals so far are of the type Carve-out.
- Strategic48
- Add-on16
- Carve-out14
- Funding round14
- Insolvency8
- Buy-out4
- Minority stake3
- Merger1
- Secondary1
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