DEUTZ AG : Announcing the closing of the acquisition of Blue Star Power Systems
>Blue Star Power Systems becoming a part of Deutz Group - Deutz has announced the closing of the acquisition of Blue Star Power Systems via a press release that was just sent out. The deal was announced on 27 June and closing was expected for (early) Q3 2024. Deutz confirmed its earlier comments that it anticipates Blue Star to add revenues ranging from >$ 100m in 2024 to >$ 150m by 2026 to the Group P&L, with an EBITDA margin above Deutz’s current margin level of 10-...Deutz is the parent company of DEUTZ Group, and is engaged as an independent manufacturer of compact diesel engines for both on and off-road use. Co. develops, designs, produces and sells diesel engines that are cooled by water, oil or air. Co.'s operating activities are divided into: the DEUTZ Compact Engines segment, which comprises liquid-cooled engines with capacities of up to eight litres; and the DEUTZ Customised Solutions segment, which focuses on air-cooled engines and large liquid-cooled engines with capacities of more than eight litres, and also supplies reconditioned parts and engines. Co. also repairs, maintains and services vehicles and machines fitted with DEUTZ engines.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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