News by Company: Torqeedo

Yamaha Motor has acquired the electric marine engine manufacturer Torqeedo after agreeing a stock purchase agreement of Torqeedo’s shares with Torqeedo’s German owner DEUTZ AG, with the aim of becoming a leader in the growing market for electric boat propulsion whilst achieving carbon neutrality in the marine industry.
Europe

Yamaha Motor acquires electric marine engine manufacturer Torqeedo 

Yamaha Motor has acquired the electric marine engine manufacturer Torqeedo after agreeing a stock purchase agreement of Torqeedo’s shares with Torqeedo’s German owner DEUTZ AG, with the aim of becoming a leader in the growing market for electric boat propulsion whilst achieving carbon neutrality in the marine industry.

24th January 2024
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