UK & International Business Sales and M&A News

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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.

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.