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

  • LeeBoy’s strong future, through Tier 4 Final investment
    March 20, 2019
    LeeBoy is seeing strong sales for its road machines at the moment, particularly in the US. And the firm’s early investment in fitting Tier 4 Final compliant engines has played a significant role Christopher Barnard is CEO of LeeBoy and commented, “The US has been strong. Demand is there and the infrastructure spending is there. It’s a good market. In our segment for commercial paving we’re doing very well.” The paver range is selling well and the firm’s 8520 model is a particularly strong seller. Barnard
    Read More
  • JCB CEO outlines the company’s 2021 plans while welcoming rising global equipment demand
    April 14, 2021
    JCB CEO Graeme Macdonald says the global construction and quarrying equipment giant is creating hundreds of new jobs and expanding production capabilities as it responds to healthier equipment demand in 2021.
    Read More
  • Advanced road recycling systems
    March 15, 2012
    Advanced road recycling capabilities are offered by Wirtgen. Having started as a contractor, Wirtgen’s roots in this side of the business are strong and the company’s development of road recycling systems has become a core competence, originating as an offshoot of its contract work. Wirtgen’s leading position in the milling machine market continues and although an increasing number of rival firms offer machines, the company’s share of this segment remains dominant. With demand for machines having grown in 2
    Read More
  • PPRS event highlights transport investment shortfall
    April 30, 2015
    The PPRS event in Paris highlighted the need for additional investment in road transportation – David Arminas writes. Consider the global road network. An improved road from one rural African town to another can reduce the journey time from a one-day walk to a one-hour drive. This could save lives through access to a hospital; allow small businesses to work faster by getting in supplies more quickly; allow children to attend a better equipped school. Roads affect society by allowing healthier and bett
    Read More

Highlighted Content