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

  • Engine builder Deutz bullish
    June 19, 2012
    Engine manufacturer DEUTZ claims record results for its latest financial year. The firm says that the 2011 financial year was one of the best in its history even though the global economy deteriorated, particularly in the second half of the year. The firm beat the forecast that it had made at the start of 2011 and revised upwards during the course of the year. Revenue rose by 28.6% to €1.53 billion, compared with €1.12 billion in the previous year. This set a new revenue record for the current corporate str
    Read More
  • New axle joint venture for LiuGong and ZF
    September 12, 2012
    LiuGong and ZF are intensifying their cooperation by building a new joint venture axle company in Liuzhou. China’s construction equipment manufacturer, LiuGong and German drivetrain specialist ZF-Group established a joint venture called ZF Liuzhou Axle. The new company will produce wheel loader axles that are specially tailored for the requirements of the Chinese market. In the long run some 190 employees will be working at Liuzhou Axle Co. Ltd. and more than 30,000 of the newly designed axles will be deliv
    Read More
  • New advances in engines and drivelines due
    January 4, 2013
    An array of innovative new engine and driveline developments are due – Mike Woof writes. With key construction machine events due in the New Year, various firms are already revealing plans for the future for their engines and driveline ranges and developments. Tough regulations on emissions have driven manufacturers to address this issue, while new and more efficient drives also help cut fuel use. Optimising power delivery provides an important component in reducing quantities of fuel burned, with a benefic
    Read More
  • Strong performance for Rolls Royce Power Systems
    August 8, 2023
    Rolls Royce Power Systems reports strong performance.
    Read More

Highlighted Content