Mutares SE & Co. KGaA has completed its acquisition of TREPEL Airport Equipment GmbH and MAFI Transport-Systeme GmbH from NDW Maschinenbau Holding GmbH, adding the ground support equipment and heavy-duty transport manufacturers to its Infrastructure & Defense segment.

TREPEL manufactures aircraft tractors, cargo high loaders and loader transporters for aviation customers, while MAFI specializes in heavy-duty terminal tractors and transport systems used in ports, logistics hubs and industrial applications.

The companies operate an integrated production facility in Tauberbischofsheim, Germany, and a service location in Georgia. Their global sales and service network spans more than 115 countries and includes more than 50 service partners.

Together, TREPEL and MAFI employ approximately 410 people and generate annual revenue of about €150 million. Their service business currently accounts for approximately 12% of total revenue.

Mutares said it plans to build on an initial transformation program that included operational optimization and cost-reduction measures, with additional opportunities for growth in the global ground support, cargo handling and specialized industrial transport equipment markets.

The transaction was first announced in June, with closing expected during the third quarter of 2026.