Key Takeaways
- • Mutares completed the acquisition of Trepel and Mafi from NDW Maschinenbau, expanding its portfolio in airport, port, and industrial logistics equipment sectors.
- • Trepel and Mafi collectively serve customers across more than 115 countries, indicating significant geographic diversification and established market presence in global logistics infrastructure.
- • The acquisition positions Mutares to strengthen its operational footprint in heavy-duty transport and aircraft ground handling equipment—critical infrastructure services for transportation hubs worldwide.
- • Deal completion marks execution of Mutares' strategy to acquire and optimize industrial and logistics-focused businesses through its turnaround and value-creation platform.
Summary
Mutares SE & Co. KGaA has successfully completed its acquisition of Trepel and Mafi from NDW Maschinenbau, according to the company announcement dated September 2, 2026. The transaction represents a strategic move by the Munich-based investment firm to expand its presence in specialized equipment manufacturing and logistics services.
Trepel and Mafi operate as manufacturers and suppliers of aircraft ground handling equipment and heavy-duty transport solutions. Combined, the businesses serve airport, port, and industrial logistics customers across more than 115 countries, demonstrating substantial international market penetration. This geographic reach provides Mutares with immediate exposure to diversified end-markets spanning aviation, maritime, and industrial sectors.
The acquisition aligns with Mutares' core investment strategy of acquiring mid-market industrial and logistics businesses, implementing operational improvements, and creating value through targeted turnaround initiatives. By integrating Trepel and Mafi into its portfolio, Mutares gains established market positions in ground support equipment and specialized transport machinery—both essential services for global logistics infrastructure.
The completion of this transaction marks the execution phase of Mutares' broader platform strategy in the transportation and logistics equipment sector, positioning the firm to capture synergies across its portfolio companies while serving customers dependent on reliable ground handling and heavy transport solutions.
Trepel and Mafi operate as manufacturers and suppliers of aircraft ground handling equipment and heavy-duty transport solutions. Combined, the businesses serve airport, port, and industrial logistics customers across more than 115 countries, demonstrating substantial international market penetration. This geographic reach provides Mutares with immediate exposure to diversified end-markets spanning aviation, maritime, and industrial sectors.
The acquisition aligns with Mutares' core investment strategy of acquiring mid-market industrial and logistics businesses, implementing operational improvements, and creating value through targeted turnaround initiatives. By integrating Trepel and Mafi into its portfolio, Mutares gains established market positions in ground support equipment and specialized transport machinery—both essential services for global logistics infrastructure.
The completion of this transaction marks the execution phase of Mutares' broader platform strategy in the transportation and logistics equipment sector, positioning the firm to capture synergies across its portfolio companies while serving customers dependent on reliable ground handling and heavy transport solutions.
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