Deutz looks to the future

摘要

German engine manufacturer Deutz has gained long-term protection thanks to the increased investment by Volvo, its new majority shareholder, according to Robert Mann, the manufacturer's senior vice president of sales and service. In June, Volvo increased its shareholding in Deutz from 6.7% to over 25%, spending €130 million buying shares from Same Deutz-Fahr Group (SDF). SDF is left with a share of 8.44% in Deutz. Mr Mann said, "There is no need for Volvo to make a full acquisition since its current shareholding allows it to block any decisions it doesn't agree with at board level. From our position, the action really protects us in the long run. We have had a strategic partnership with Volvo since 1998, and we work well together.