Magirus has presented its employees in Ulm and at its subsidiary sites with a comprehensive transformation plan designed to address changing market conditions and global growth potential.
This follows Mutares SE & Co. KGaA‘s acquisition of Magirus in January 2025 and highlights Magirus’s dedication to developing innovation, quality, and customer focus as core values of its corporate DNA.
With its transformation programme, Magirus is responding to changing customer behaviour and focusing on increasing efficiency, internationalisation, and strengthening its product and service portfolio. The company will benefit from the industrial and turnaround expertise of Mutares‘ experts.
“With Mutares, we have an experienced partner at our side who is actively supporting our transformation and investing specifically in our growth,” says Thomas Hilse, CEO of Magirus GmbH. “Together, we are shaping the future of Magirus – with a clear vision and at a rapid pace.”
Magirus has ambitious goals: By 2030, annual revenue is to rise to over €750 million and profitability is to be stabilised in the long term. The short-term focus is on significant productivity gains and the associated increase in delivery reliability. Emissions from the company’s own production are to be reduced to net zero in the same period. To achieve this, the company is focusing on energy-efficient technologies, the consistent use of renewable energies, and sustainable production standards along the entire value chain.
The entire transformation plan essentially comprises 10 points, including new national subsidiaries, expansion of production capacities and introduction of the Magirus Defense division,
With the measures it has initiated, Magirus aims to substantially strengthen its competitiveness and position the company for the future in the global market. The planned separation from its former parent company IVECO is also proceeding according to plan.
As part of the transformation process, there will be a change in management on 1 July 2025: Thomas Hilse will move to the Supervisory Board, and Fatmir Veselaj, previously Chief Restructuring Officer, will take over operational responsibility for the long-established Ulm-based company as the new CEO.
“We bear a high level of social responsibility: our products must function reliably in critical moments,” says Fatmir Veselaj, designated CEO of Magirus GmbH. “At the same time, we have a duty to support our customers at all times. With the steps we have taken, we are ensuring that Magirus will continue to be positioned as an efficient medium-sized company in the long term,”
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