Torqeedo acquired by engine manufacturer DEUTZ

DEUTZ has acquired Torqeedo.  As an independent subsidiary of DEUTZ AG, Torqeedo will continue the development of its marine products under its established Torqeedo brand and with its current leadership.

“As part of DEUTZ, Torqeedo will realise substantial opportunities in the areas of industrialisation, supply chain management, sales and service. We will use these to further accelerate the development of sustainable and modern mobility on the water,” said Christoph Ballin, CEO of Torqeedo.

DEUTZ is a pioneer in the development of combustion engines as an independent manufacturer of highly efficient natural gas and diesel engines for the industrial, agricultural and commercial vehicle market since 1864. In Torqeedo, DEUTZ gains development expertise and years of proven product experience in all aspects of electric mobility. Within the framework of the new E-DEUTZ strategy, DEUTZ will bring these sustainable electric and hybrid technologies to its existing product lines.