Robust Fundamentals and Targeted Expansion into New Growth Markets!
With the acquisition, Deutz is signaling its intention to expand in the field of electric drive systems!
I can well imagine that the improvement in order intake will also be evident in the ongoing third quarter!
Reading Time: 1 minute
Deutz got a lot of attention in August with a strong report for the second quarter. In the second quarter, there was an increase in order intake compared to the previous year of around 31% to €488 million. It is also exciting that just a few weeks later, it was announced that Deutz aims to strengthen its position in the rapidly growing defense sector and the electric drive business through the acquisition of SOBEK Group. In my view, this makes sense because SOBEK Group is known as a specialist in electric drive systems, which are used, among other...
Read this article now with a free account.
Your benefits:
- Every month, you can read 5 articles from the premium section for free.
- Monthly 2 trial issues of the Trader newspaper for free.
- Create a personal watchlist with an overview of news about your stock.
