Rosenbauer, an Austrian fire service supplier, has announced a capital increase with the entry of Stefan Pierer, Mark Mateschitz, and Raiffeisenlandesbank Upper Austria (RLB OÖ). The transaction aims to address economic difficulties faced by Rosenbauer, including a high debt burden amounting to 428 million euros in net financial debt.
Pierer and Mateschitz, along with other investors, have formed PiMa Investment Management GmbH, which holds a majority of Robau shares. The remaining shares are held by Raiffeisen Beteiligungsholding GmbH and Invest Corporate Investments AG.
After considering proposals from the Czech Tatra Group, an Austrian solution has been chosen by Rosenbauer. The purchase of shares by Robau will give them a 33 percent stake in the company for a reported price of 119 million euros. This move will reduce the majority ownership previously held by the Rosenbauer family.
Despite the capital increase and new share issuance, Rosenbauer will retain key family shareholders through BVG. Pierer expressed confidence in the company’s long-term prospects and growth potential with this investment. As a result, market observers anticipate Robau aiming for a majority stake in Rosenbauer.
In the previous year, Rosenbauer returned to profitability with profits of 1.2 million euros and a positive operating result of 37.5 million euros. Stock exchange quotations show Rosenbauer shares at 34.80 euros. The investment and capital increase represent a significant step for Rosenbauer, positioning the company for future growth with the support of experienced Austrian partners
