Brief: Deutz Acquires Genset Manufacturer Blue Star Power Systems

Deutz AG

27/06/2024 16:43

June 27 (Reuters) - DEUTZ AG  DEZG.DE :
    * DEUTZ ACQUIRES GENSET MANUFACTURER BLUE STAR POWER
SYSTEMS, INC.
    * COMPLETION OF TRANSACTION IS SUBJECT TO USUAL CONDITIONS,
PARTICULARLY NECESSARY REGULATORY APPROVALS, AND IS EXPECTED TO
TAKE PLACE IN SECOND HALF OF 2024
    * TO FINANCE ACQUISITION, DEUTZ IS CURRENTLY EXAMINING
VARIOUS
FUNDING STRUCTURES
    * IN EVENT THAT TRANSACTION IS FULLY FINANCED FROM
BORROWING,
EQUITY RATIO IS LIKELY TO DECREASE BY A LOW-SINGLE-DIGIT
PERCENTAGE AMOUNT, THUS REMAINING WELL ABOVE TARGET FIGURE OF
MORE THAN 40 PERCENT
    * TODAY SIGNED AN AGREEMENT THROUGH ITS WHOLLY OWNED
INDIRECT
SUBSIDIARY DEUTZ CORPORATION, TO ACQUIRE ALL OF SHARES IN BLUE
STAR POWER SYSTEMS, INC. ('BLUE STAR POWER SYSTEMS') FROM BLUE
STAR POWER SYSTEMS HOLDINGS, INC.

Source text for Eikon:  ID:nEQ6jn0tfa 
Further company coverage:  DEZG.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))