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

  • Chinese construction firms set to raise their game
    March 9, 2017
    Chinese Construction equipment manufacturers are aiming to raise their game in order to capture a larger share of the global market, in particular that of the US. Lessons have been learned, according to several senior executives from major Chinese firms who, as a group, faced the press during a presentation at the CONEXPO-CON/AGG in Las Vegas.
    Read More
  • Business confidence in construction
    June 29, 2018
    Business confidence is strong in the global construction equipment market at present. Manufacturers of machines around the world, as well as component suppliers, are all reporting strong financial performance, with healthy sales and order books. Many manufacturers including Deutz, Komatsu, Manitou, Volvo CE and Wacker Neuson have announced robust financial results recently, with many seeing record levels of sales and turnover. Firms in China, Europe, Japan, South Korea and the US all report good levels of
    Read More
  • Wirtgen’s concrete paving business meets specialised market demands
    December 2, 2014
    Wirtgen is gearing up its operations in the concrete paving market - Mike Woof writes Concrete paving is a technology developed and pioneered in the US, so it is no surprise that US firms GOMACO, Guntert & Zimmerman, Power Curbers and Power Pavers, have had such a high profile in this market over the years. However one European firm, Wirtgen, is a serious competitor in the sector, the only non-US supplier to the market.
    Read More
  • RR engine sale complete
    August 2, 2024
    Rolls-Royce completes sale of small engine range
    Read More

Highlighted Content