Pierer before entry

Rosenbauer KTM

Stefan Pierer (right) wants to acquire a majority stake in Rosenbauer together with Mark Mateschitz and Raiffeisen OÖ.(Bild: Krone KREATIV/Markus Wenzel, Philip Platzer)

"Is everything on track or will the deal fall through?" The insolvency of motorcycle manufacturer KTM has not silenced these questions at Rosenbauer. The world's largest fire equipment supplier is on the verge of bringing Robau on board as an investor. The company is backed by Red Bull heir Mark Mateschitz, Raiffeisen OÖ and KTM boss Stefan Pierer.

The news from Brussels came in the midst of the turbulence at KTM: on November 19, the EU Commission gave the green light for Robau to acquire a stake in Rosenbauer, paving the way for the newly founded company of Stefan Pierer, Red Bull heir Mark Mateschitz and Raiffeisen Oberösterreich to take over a majority stake in the fire equipment manufacturer from Leonding.