Torqeedo

Deutz has reached another milestone in its portfolio realignment by completing the sale of Torqeedo to Yamaha Motor. Deutz intends to enhance its performance in the existing business with conventional engines and to expand its technology portfolio for the future.

Deutz announced a further milestone in the repositioning of its portfolio as part of its Dual+ strategy: Torqeedo, the world’s leading manufacturer of outboard and inboard drives, will be sold to Yamaha Motor.

Deutz is maintaining its growth trajectory and can look back on a successful third quarter, with revenue rising by 11 percent and adjusted EBIT climbing by around 30 percent to approximately €30 million.

Torqeedo presents its new Travel 903 motor as a limited edition, available now

Torqeedo, the market leader for marine electric drives, has appointed Fabian Bez as the company’s new Chief Executive Officer (CEO). Bez assumed day-to-day leadership of the company effective 1 October 2022. Bez will be joined by Heiko Vietmeier, who will serve as Torqeedo’s Chief Financial Officer ...

Deutz with profitability improvement in the first half of 2022. Orders on hand increase to around €770 million. Revenue increase by around 21 percent