Mutares’ subsidiary to buy Austrian military vehicles maker

(Reuters) -Mutares’s subsidiary Magirus will acquire Achleitner Fahrzeugbau, an Austrian company that produces vehicles for military and police operations, the German holding firm said in a statement on Wednesday.

Mutares said the transaction is expected to close in the fourth quarter of 2025, without giving further details.

(Reporting by Paolo Laudani, Editing by Miranda Murray)