AB Volvo sells stake in Deutz engine business

AB Volvo has sold its entire holding in German engine maker DEUTZ to institutional investors. The investment equated to approximately 25% of DEUTZ shares.
July 7, 2017 Read time: 1 min

AB 2394 Volvo has sold its entire holding in German engine maker 201 DEUTZ to institutional investors. The investment equated to approximately 25% of DEUTZ shares.

The sale of the investment is said to have no impact on the strong business relationship with AB Volvo however, which has been in place for many years. "We will continue to work together closely with Volvo and will remain an important supplier, particularly in the Construction Equipment application segment. Following the sale of the investment, we can focus on raising our profile as an independent manufacturer of innovative drive systems," said Dr Frank Hiller, chairman of the DEUTZ Board of Management.

Engines, Components & Tyres Finance & Funding

For more information on companies in this article

Related Content

  • DEUTZ China engine innovation
    November 29, 2018
    DEUTZ has been highlighting its innovative diesel and gas engines meeting the China Nonroad Stage IV emissions standard set to come into force in 2020 – along with its latest developments in electric drives. Effective exhaust aftertreatment for its engines is one of DEUTZ’s core competencies. The German headquartered global market firm was the first manufacturer in the world to be certified for the EU Stage V emissions standard coming into force in Europe in 2019. DEUTZ already successfully uses the necess
    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
  • Deutz delivering financial strength
    November 8, 2017
    German engine firm Deutz is reporting strong financial performance for the first nine months of 2017. The latest results reveal a marked increase in new orders, revenue and EBIT and a significant improvement in free cash flow. The firm also believes it is well positioned for the future as its E-Deutz strategy has been accelerated by the recent acquisition of Torqeedo. The firm says that new orders rose by 25.5% to reach €1,173.8 million, compared with €935.3 million for the same period in 2016.
    Read More
  • Deutz announces results for 2015
    March 17, 2016
    German engine manufacturer Deutz has today announced its financial results for 2015. New orders amounted to €1.2259 billion, down by 11.1% on the prior-year figure of €1.379 billion. In the service business, new orders were up by 7.2% however, although other segments reported a decrease in new orders compared with 2014.
    Read More

Highlighted Content