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01-04-2024 | News

Companies + Products

Published in: MTZ worldwide | Issue 4/2024

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Deutz has announced the sale of its Torqeedo subsidiary to Yamaha. Deutz acquired the specialist for electric boat drives in 2017, with the aim of accelerating its electrification strategy for the core customer segments and to expand Torqeedo's technology and market position in the field of marine electric mobility. “The technology transfer, which was the initial goal we pursued when acquiring Torqeedo, has been achieved. In terms of market knowledge and scaling options, other partners are now better suited for Torqeedo on its way forward than Deutz,” explained Deutz CEO Dr. Sebastian C. Schulte. “We are pleased to have found such a strategic partner in Yamaha.”

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Metadata
Title
Companies + Products
Publication date
01-04-2024
Publisher
Springer Fachmedien Wiesbaden
Published in
MTZ worldwide / Issue 4/2024
Electronic ISSN: 2192-9114
DOI
https://doi.org/10.1007/s38313-024-1921-5