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DEUTZ H1 Net Income Up At 45.3 Million Euros
Deutz And Sany Enter JV Agreement
Deutz Q1 Net Income Up 14.8 Pct To EUR 20.9 Million
DEUTZ AG is a Germany-based manufacturer of diesel engines. The Company operates through two segments: Compact Engines and Customized Solutions. The Compact Engines segment provides liquid-cooled engines for on-road and off-road applications, as well as various modular solutions. The Customized Solutions segment offers air-cooled and liquid-cooled engines for on-road, off-road and marine applications, as well as reconditioned (Xchange) engines for DEUTZ engine series. The Company also provides related services, including maintenance, spare parts, accessories, engineering services and repair kits. The Company operates production sites in Germany, France, the United States, Argentina and China.
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Specialty diesel engine maker Deutz aims to expand its business to include hybrid and battery-powered engines from 2020, banking on an expected boom in demand for electric vehicles.
Sweden's AB Volvo said on Friday it had sold its 25 percent stake in German diesel engine maker Deutz AG as the truck maker continued to trim assets outside its core business.
* Says divestment proceeds amount to SEK 1,897 m, corresponding to SEK 62.73 per share (EUR 6.50)
Swedish truck maker AB Volvo <VOLVb.ST> is selling its 25 percent stake in German specialty diesel engine maker Deutz AG <DEZG.DE>, the bookrunner for the deal said on Thursday.
* Launch of a sale of Deutz AG shares through an accelerated bookbuilding process on behalf of AB Volvo
* Deutz Corporation based in Georgia in the United States and Terex, have concluded to expand their relationship to the field of reconditioning
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