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

  • Innovations in earthmoving machines
    March 16, 2012
    The earthmoving machine market is seeing major innovations for 2012 - Mike Woof reports. The early part of 2012 is seeing a whole array of new earthmoving machines come to market from a vast range of manufacturers. Companies from China, Europe, Japan, South Korea, Turkey and the USA will all be unveiling new earthmoving equipment at the upcoming Intermat exhibition, with innovative emission compliant engine and cooling technology.
    Read More
  • Zoomlion growing worldwide, particularly in lifting and concrete machine operations
    November 12, 2014
    Zoomlion is confident of future growth in its share of the world market for construction machines - Mike Woof writes Chinese manufacturers now lead the world in both lifting and concrete delivery systems, with Zoomlion featuring a particularly high profile. As one of the biggest manufacturers of construction equipment in China, Changsha-based Zoomlion is now a leading player worldwide in truck cranes, crawler cranes and tower cranes in particular. The firm recently raised its profile by combining its mobil
    Read More
  • Zoomlion growing worldwide, particularly in lifting and concrete machine operations
    January 6, 2017
    Zoomlion is confident of future growth in its share of the world market for construction machines - Mike Woof writes
    Read More
  • Zoomlion raising the bar
    January 6, 2017
    Zoomlion has come a long way in 20 years, from small beginnings to becoming a major equipment manufacturer on the international stage. Tower cranes and truck cranes in particular make up the bulk of the firm’s operations and it is a leading producer in this field. Zoomlion makes the world’s largest crawler crane, which has a maximum lift capacity of 3,200tonnes and features a novel design with twin chassis and twin booms. However, Zoomlion is also a major player in the market for concrete pumps both with it
    Read More

Highlighted Content