Yamaha Motor Co., Ltd. completed the acquisition of Torqeedo GmbH from DEUTZ Aktiengesellschaft.
April 02, 2024
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Yamaha Motor Co., Ltd. resolved to acquire Torqeedo GmbH from DEUTZ Aktiengesellschaft (XTRA:DEZ) on December 26, 2023. Yamaha Motor concluded a share purchase agreement to acquire Torqeedo GmbH from DEUTZ Aktiengesellschaft (XTRA:DEZ) for ?74.8 million on January 12, 2024. The agreement is subject to the usual regulatory approvals. The transaction is expected to close at the end of the first quarter of 2024. Isaschar Nicolaysen, Benjamin Parameswaran and team of DLA Piper Germany, Richard Bull, Steve Reil and team of DLA Piper LLP (US), Thananan Sangnuan and team of DLA Piper (Thailand) Company, Gregory Tulquois and team of acted DLA Piper France LLP acted as legal advisors to Yamaha Motor in this transaction. Philipp Sebbesse, Matthias Fritzsche, Tosh Kojima, Keiichiro Izawa from DC Advisory acted as financial advisors to Yamaha Motor Co., Ltd. (TSE:7272). Juan Carlos Montoya from ALANTRA Deutschland GmbH acted as financial advisor to DEUTZ Aktiengesellschaft (XTRA:DEZ).
Yamaha Motor Co., Ltd. (TSE:7272) completed the acquisition of Torqeedo GmbH from DEUTZ Aktiengesellschaft (XTRA:DEZ) on April 3, 2024.
Yamaha Motor Co., Ltd. specializes in the construction and marketing of motorcycles, all terrain vehicles and boats. The group also develops engine manufacturing activity. Net sales break down by family of products as follows:
- sale of motorcycles (65.3%): 4.8 million units sold in 2022. Yamaha Motor Co., Ltd. also offers all-terrain vehicles, off-road recreational vehicles, snowmobiles and electric bicycles;
- manufacturing of marine motor equipment and watercraft (23%): ooutboard engines, jet skis, fishing boats, utility boats, etc. ;
- sale of industrial machines and robots (5.2%);
- provision of financial services (2.8%);
- other (3.7%): primarily golf carts, snow blowers, generators and multi-purpose engines and automobile engines and components.
Net sales are distributed geographically as follows: Japan (7.3%), Asia (40.1%), North America (25.3%), Europe (13.9%) and other (13.4%).