Everything has been clear to the outside world for a long time, now the authorities are taking a very important decision that will speed up the deal. The European Commission has approved the planned entry of the company of Mark Mateschitz, Stefan Pierer and two companies from Raiffeisenlandesbank Oberösterreich into the world fire brigade market leader Rosenbauer.
There are no competition concerns – this was the conclusion of the European Commission, which gave the green light for Robau’s entry into Rosenbauer. Behind Robau are Red Bull heir Mark Mateschitz, KTM boss Stefan Pierer and two companies from Raiffeisenlandesbank Oberösterreich. As part of a capital increase, this company will acquire 3.4 million shares in the fire brigade supplier and at the same time allocate around 119 million euros for it.
By subsequently acquiring the shares of Rosenbauer Beteiligungsverwaltung GmbH (BVG for short), the majority in the company based in Leonding (Upper Austria) is acquired.
Rosenbauer himself is now reaping the benefits of an optimization program that was started some time ago. The company initially focused on reducing costs, but is now focusing on accelerating production and thus completing more vehicles. This becomes increasingly successful as the year progresses.
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.
