DEUTZ AG (FRA:DEZ) EQS-Adhoc: DEUTZ AG: DEUTZ AG and Rolls-Royce’s Power Systems Business Unit reach general agreement on the takeover of engine platforms
Transparency directive : regulatory news
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EQS-Ad-hoc: DEUTZ AG / Key word(s): Agreement DEUTZ and Rolls-Royce’s Power Systems Business Unit reached a general agreement today on the takeover of the sales and service operations for various industrial engines. Subject to final agreement, DEUTZ is expected to take over the distribution of the mtu Classic series and the mtu engine series 1000-1500, which are based on Daimler Truck engine platforms. The engines are used in various off-highway applications, mainly construction equipment and agricultural machinery. In addition, DEUTZ is taking over the service operations for engines that are already in service. After the conclusion of the agreement, DEUTZ expects additional revenue of around €300 million per year with an EBIT margin exceeding the current DEUTZ group margin. The expected purchase price for the engine portfolio is a high double-digit million Euro amount. Following a final agreement, the closing – subject to regulatory approvals – is expected from mid-2024. Contact DEUTZ AG / Christian Ludwig / SVP Communications & Investor Relations This ad hoc disclosure may contain certain forward-looking statements based on current assumptions and forecasts made by the DEUTZ management team. Various known and unknown risks, uncertainties, and other factors may lead to material differences between the actual results, the financial position, or the performance of the DEUTZ Group and the estimates and assessments set out here. These factors include those that DEUTZ has described in published reports, which are available at www.deutz.com. The Company does not undertake to update these forward-looking statements or to change them to reflect future events or developments. End of Inside Information
13-Dec-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | DEUTZ AG |
| Ottostraße 1 | |
| 51149 Köln (Porz-Eil) | |
| Germany | |
| Phone: | +49 (0)221 822 0 |
| Fax: | +49 (0)221 822 3525 |
| E-mail: | ir@deutz.com |
| Internet: | www.deutz.com |
| ISIN: | DE0006305006 |
| WKN: | 630500 |
| Indices: | SDAX |
| Listed: | Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1796433 |
| End of Announcement | EQS News Service |
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1796433 13-Dec-2023 CET/CEST