Rosenbauer entry

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Stefan Pierer, two companies of Raiffeisenlandesbank Oberösterreich and Mark Mateschitz join Rosenbauer with Robau.(Bild: Krone KREATIV/Rosenbauer International, IV OÖ/Pelzl, APA-PictureDesk, Horst Einöder)

Everything has long been clear to the outside world, but now the authorities have made a very important decision that will speed up the deal. The EU Commission has approved the planned investment by Mark Mateschitz's company, Stefan Pierer and two companies from Raiffeisenlandesbank Oberösterreich in Rosenbauer, the world market leader in firefighting equipment.

There are no competition law concerns - this is the conclusion reached by the EU Commission, which has thus given the green light to Robau's investment in Rosenbauer. Robau is backed by Red Bull heir Mark Mateschitz, KTM boss Stefan Pierer and two companies belonging to Raiffeisenlandesbank Oberösterreich. This company will take over 3.4 million shares in the firefighting equipment supplier in the course of a capital increase and at the same time pay around 119 million euros for them.

Subsequently, the acquisition of shares in Rosenbauer Beteiligungsverwaltung GmbH (BVG for short) will even secure a majority stake in the company based in Leonding (Upper Austria).

Rosenbauer itself is now reaping the rewards of an optimization program that was launched some time ago. The company had initially focused on reducing costs, but is now concentrating on becoming faster in production and thus producing more vehicles. This is already proving increasingly successful over the course of the year.