Mutares to acquire crane business of Hyva.

Mutares, a Munich-based private equity investor specializing in carve-outs and turnarounds, agreed to acquire the crane business of Hyva, a provider of transport solutions for commercial vehicle and environmental service industries. Financial terms were not disclosed. "The crane business unit of Hyva is a very promising new platform for our Goods & Services segment with a globally recognized brand in truck-mounted cranes. The business presents a turnaround and carve-out opportunity due to recent financial underperformance and operational inefficiencies. With our proven expertise in carve-outs and restructuring, we aim to restore profitability and drive sustainable growth. With a hands-on approach and long-term investment strategy, we see the company as a valuable addition to the Mutares portfolio,” Johannes Laumann, Mutares CIO.