Brief: DEUTZ AG And Rolls-Royce's Power Systems Business Unit Reach General Agreement On The Takeover Of Engine Platforms

Deutz AG

13/12/2023 18:16

Dec 13 (Reuters) - Deutz Ag  DEZG.DE :
    * EQS-ADHOC: DEUTZ AG: DEUTZ AG AND ROLLS-ROYCE’S POWER
SYSTEMS
BUSINESS UNIT REACH GENERAL AGREEMENT ON THE TAKEOVER OF ENGINE
PLATFORMS
    * AFTER DEAL, CO EXPECTS ADDITIONAL REVENUE OF AROUND EUR
300
MILLION PER YEAR WITH AN EBIT MARGIN EXCEEDING CURRENT DEUTZ
GROUP MARGIN.
    * FOLLOWING A FINAL AGREEMENT, CLOSING - SUBJECT TO
REGULATORY
APPROVALS - IS EXPECTED FROM MID-2024
    * EXPECTED PURCHASE PRICE FOR ENGINE PORTFOLIO IS A HIGH
DOUBLE-DIGIT MILLION EURO AMOUNT.
    * DEUTZ IS EXPECTED TO TAKE OVER DISTRIBUTION OF MTU CLASSIC
SERIES AND MTU ENGINE SERIES 1000-1500

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

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