But that happened very quickly! In early June it was announced that KTM owner Stefan Pierer and Red Bull heir Mark Mateschitz had formed a company together with two companies from Raiffeisenlandesbank Oberösterreich to join Rosenbauer. On Thursday afternoon, the firefighter announced: They are in operation.
There has been wild speculation lately and the Czech vehicle company Tatra also came up for discussion – now it is clear: Robau Beteiligungsverwaltungs GmbH, which is supported by Stefan Pierer, Mark Mateschitz and companies from Raiffeisenlandesbank Oberösterreich, is joining Rosenbauer.
The fire brigade supplier from Leonding (Upper Austria) came under pressure after economically difficult years with many cost increases and supply chain problems and must significantly increase its equity. That’s why the search for investors began.
By the end of the year, 3.4 million new shares will be issued, which will go exclusively to the company led by Pierer, Mateschitz and Co. Costs: approximately 119 million euros. This means that the new investor will own a third of the company.
Official approval is still lacking
“With the operational measures we have taken, the continued strong order intake and this investor by our side, we will further expand our position as the global market leader in fire equipment,” says CEO Sebastian Wolf. Official approval is still lacking, but it is only a formality. Details about the capital increase also remain secret.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
