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DEUTZ accelerates transformation with billion-euro transaction in the defense sector
DEUTZ accelerates transformation with billion-euro transaction in the defense
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EQS-News: DEUTZ AG / Key word(s): Takeover DEUTZ accelerates transformation with billion-euro transaction in the defense sector 09.07.2026 / 08:06 CET/CEST The issuer is solely responsible for the content of this announcement.Agreement signed for the full acquisition of FFG Flensburger Fahrzeugbau Gesellschaft mbH for around €1.6 billion The combination creates a new leading systems provider for military vehicles, propulsion systems, and energy solutions in Europe FFG will remain operationally independent and, going forward, will form the core of DEUTZ’s defense activities Milestone for the transformation into a broad-based industrial company: Defense business to become a further cornerstone of DEUTZ Transaction to accelerate profitable growth: strategic 2030 revenue and margin targets (€4 billion, 10% EBIT margin) expected to be reached ahead of schedule Families that currently own FFG to become new, long-term anchor shareholders of DEUTZ Cologne, July 9, 2026 – DEUTZ has entered into an agreement to acquire 100% of the shares in FFG Flensburger Fahrzeugbau Gesellschaft mbH (FFG). Headquartered in Flensburg, Germany, FFG is one of Europe's leading providers of military land and special-purpose vehicles and an established partner of the Bundeswehr and armed forces in NATO and Ukraine. The purchase price is €1.6 billion and is to be paid partly in cash and partly in the form of newly issued DEUTZ shares. The families that currently own FFG are thus to become new, long-term anchor shareholders of DEUTZ, with a stake of up to 29.9%. DEUTZ CEO Dr. Sebastian Schulte says: “Technological sovereignty, innovative capability, speed of execution: Joining forces with FFG, DEUTZ will become a leading national systems provider for military vehicles, propulsion systems, and energy solutions. Together, we will fulfill our responsibilities for security and future resilience in Europe, while securing value creation and high-quality jobs in Germany.” Employing over 1,100 people, FFG produces, maintains, and modernizes wheeled and tracked military vehicles. These include armored recovery vehicles, infantry fighting vehicles, armored personnel carriers, and special-purpose vehicles. FFG also develops proprietary platforms and is a manufacturing partner for NATO multinational armaments programs. The combination is based on a clear industrial logic: FFG will contribu...