Tanks and transporters: billion purchase: Deutz wants to buy arms company FFG
In addition to the currently approximately 6,000 DEUTZ employees, 1,100 employees of the FFG would be added. Together with FFG, DEUTZ will become a leading national
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Summary
In addition to the currently approximately 6,000 DEUTZ employees, 1,100 employees of the FFG would be added. “Together with FFG, DEUTZ will become a leading national system provider for military vehicles, drive systems and energy solutions,” says DEUTZ CEO Sebastian Schulte. Cologne-based engine manufacturer Deutz is aiming for the largest acquisition in its 160-year company history. Deutz is the oldest engine manufacturer in the world, its origins date back to 1864.
Furthermore, The acquisition is expected to be completed by the end of 2026 or early 2027. In 2030 it should be four billion, but after the acquisition of the FFG should be reached earlier this year. The number of employees stood at 6,014 at the end of March, about 500 more than a year earlier.
In addition, The current owner family of FFG is expected to hold 29.9 percent of the DEUTZ shares in the future. It is to be paid partly in shares, which Deutz issues new.
Cross-referenced from 5 sources.
Factual coreconfirmed by several independent voices
In addition to the currently approximately 6,000 DEUTZ employees, 1,100 employees of the FFG would be added. “Together with FFG, DEUTZ will become a leading national system provider for military vehicles, drive systems and energy solutions,” says DEUTZ CEO Sebastian Schulte.
reliability low1/3 sourcesCologne-based engine manufacturer Deutz is aiming for the largest acquisition in its 160-year company history.
reliability low1/3 sourcesDeutz is the oldest engine manufacturer in the world, its origins date back to 1864.
reliability low1/3 sourcesThe acquisition is expected to be completed by the end of 2026 or early 2027.
reliability low1/3 sourcesIn 2030 it should be four billion, but after the acquisition of the FFG should be reached earlier this year.
reliability low1/3 sourcesThe number of employees stood at 6,014 at the end of March, about 500 more than a year earlier.
reliability low1/3 sourcesThe current owner family of FFG is expected to hold 29.9 percent of the DEUTZ shares in the future.
reliability low1/3 sourcesIt is to be paid partly in shares, which Deutz issues new.
reliability low1/3 sources
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