Volvo increases Deutz holding

Volvo is increasing its stake in German engine firm Deutz to 25%. The two firms have had a technical partnership for engine development for some time and Volvo bought a minority share in the pioneering diesel firm some years ago. However this new development sees a new cementing of the relationship between the two companies. The move makes Volvo the largest single shareholder in Deutz, with a 25% stake in the firm. Volvo bought the 22 million shares in stock from SAME DEUTZ-FAHR, which now has just 8.4% of
June 14, 2012 Read time: 1 min
2394 Volvo is increasing its stake in German engine firm 201 Deutz to 25%. The two firms have had a technical partnership for engine development for some time and Volvo bought a minority share in the pioneering diesel firm some years ago. However this new development sees a new cementing of the relationship between the two companies. The move makes Volvo the largest single shareholder in Deutz, with a 25% stake in the firm. Volvo bought the 22 million shares in stock from SAME DEUTZ-FAHR, which now has just 8.4% of the engine firm. Deutz will continue to supply engines to SAME DEUTZ-FAHR, which makes machines largely for the agricultural sector. The terms of Volvo’s share acquisition have not been revealed at this stage, while the deal is subject to approval from the antitrust authorities.

For more information on companies in this article

Related Content

  • Deutz secures new syndicated loan to bolster finances
    July 9, 2012
    German engine manufacturer Deutz has replaced its existing funding arrangements with a new syndicated loan. The working capital facility totalling €160million is being provided by a syndicate of German banks. The credit line is unsecured and runs until June 2017. In addition, Deutz has received a low-interest loan amounting to €90 million from the European Investment Bank. This loan, which is also unsecured, is repayable over a period of eight years with a grace period of two years. Deutz has hedged the in
    Read More
  • Caution not catastrophe in European market, says Volvo CE EMEA sales boss
    August 14, 2012
    There is caution but no catastrophe in the European construction equipment sales market, according to Volvo Construction Equipment (CE) EMEA sales president Tomas Kuta. Speaking at a press conference to launch Volvo CE’s PL3005D pipelayer, and ahead of the in-port race of the Volvo Ocean Race in Lorient, France, Kuta said: “Europe is not a catastrophe. Our Quarter 1 (2012) results were very much driven by Europe, but it’s the outlook that is so uncertain. “We (Volvo CE) have seen good development in the no
    Read More
  • Volvo CE making moves
    June 26, 2025
    Volvo CE is making major moves to boost sales for Europe while selling its stake in SDLG.
    Read More
  • Electric power projects planned
    January 26, 2018
    While diesel engines continue to be developed, there is no mistaking the current plans for electric driveline projects - Mike Woof writes The growing worldwide consensus on the massive threat to humanity posed by climate change means that the need to reduce exhaust emissions from transport and construction is becoming ever more pressing. As a result, industry is changing and new solutions are being found for transport and construction that will help lower environmental impact. Although many solutions are
    Read More

Highlighted Content