Morita Holdings Corporation
Notice of Acquisition of Equity Interest in Magirus GmbH (Subsidiarization)
Announced plan to acquire the equity interest in Magirus GmbH and make it a 100% subsidiary. Purchase price is 65 million EUR, advisory fees approx. 1,000 million yen. Transfer execution is scheduled for May 2027; after completion it will be consolidated as a subsidiary. The company aims to leverage business reform under Mx by Mutares to drive global expansion.
Key Figures
- Purchase Price: 65 million EUR (If unknown, "Unknown")
- Advisory Fees, etc.: 1,000 million yen
- Transfer Execution Date: May 2027 (scheduled)
AI要約
Transaction Overview
The Company has resolved to acquire the equity interest in Magirus GmbH and make it a consolidated subsidiary. The purchase price is 65 million EUR for the equity interest in Magirus GmbH, and advisory fees and related costs are estimated at 1,000 million yen. The transfer execution date is scheduled for May 2027. Magirus is a competitively strong firefighting vehicle manufacturer mainly in Europe and has an overseas business base including Bronto Skylift Oy Ab.
Impact and Schedule
This matter is subject to obtaining approvals and permits from relevant authorities, and upon completion of the acquisition Magirus is expected to become a consolidated subsidiary of the Company. It is expected to be reflected in consolidated results from the fiscal year ending March 2028, and the impact on consolidated profit and loss for the fiscal year ending March 2027 is expected to be minor. The transfer execution is scheduled for May 2027.
Morita Holdings Corporation
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