Yamaha Motor completes acquisition of Torqeedo
Yamaha Motor completed its acquisition of electric marine-propulsion manufacturer Torqeedo from DEUTZ.
Evidence notes
- Yamaha purchased all Torqeedo shares on 3 April 2024, acquiring 100% of the voting interests.
- The cash consideration was EUR77.4 million, reported as JPY12.643 billion in Yamaha Motor's financial statements.
- Torqeedo's electric propulsion portfolio, patents, R&D capability and production resources became part of Yamaha's Marine CASE strategy.
Company context
Yamaha Motor is a Japanese mobility and industrial technology company with a robotics business covering surface-mount assembly systems, industrial robots and semiconductor back-end process equipment.