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 manufacturers plan to compete globally
    June 18, 2015
    Chinese construction equipment firms have been building their operations in local markets – but are now looking to develop globally - Mike Woof writes In recent years Chinese construction equipment manufacturers have been able to capitalise on local demand in the home market. The rapid rate of expansion of transport infrastructure, fuelled by government spending, led to a massive need for construction machines. The country’s manufacturers have grown rapidly in size, investing enormously in factory capacity
    Read More
  • Deutz bullish
    March 1, 2012
    Engine manufacturer Deutz reports a strong first quarter.
    Read More
  • Mobile machinery sales help Deutz in year end 2014 results
    March 20, 2015
    Deutz reported new orders received in 2014 totalled €1,379 million, which was 16.4% below the record figure reported for 2013 (€1,649.7 million). The number of engines sold rose by 6.7% year on year from 184,028 units in 2013 to 196,403 in 2014. This was largely due to stronger demand in the mobile machinery application segment. By contrast, new orders fell significantly in the automotive and agricultural machinery application segments. Corporate revenue was up 5.3% to €1,530.2 million (2013: €1,453.2 milli
    Read More
  • Deutz supplying engines to SANY
    August 18, 2016
    German engine manufacturer Deutz has agreed a key supply deal with Chinese construction machinery manufacturer SANY. The agreement will see SANY fitting its wheeled loaders with the TCD 7.8 diesel engine from Deutz. These engines feature diesel particulate filters and are Stage V ready. Deutz has been supplying diesels to SANY Heavy Machinery for use in other machines for some time. However this latest agreement strengthens the supply deals between the two companies. These engines meet the Tier 4 Final/Stag
    Read More

Highlighted Content