Deutz Aims for Hybrid, Electric Engines by 2020
Specialty diesel engine maker Deutz aims to expand its business to include hybrid and battery-powered engines from 2020, banking on an expected boom in demand for electric vehicles. "In future, we no longer want to operate just as a pure diesel group," Chief Executive Frank Hiller told Reuters on Thursday, a day after the group acquired electric drive specialist Torqeedo. The takeover has swallowed most of the 100 million euros ($118 million) in investments allocated to the new push, Hiller said, adding he expected the new products to account for 5-10 percent of group sales within five years.
Brunswick Acquires Lankhorst Taselaar
Brunswick Corporation said it has completed its acquisition of Lankhorst Taselaar, a marine parts and accessories distribution company based in the Netherlands and Germany. Lankhorst Taselaar will be integrated into Mercury Marine to augment the engine maker’s P&A business in Europe. “Lankhorst Taselaar bolsters and solidifies the distribution arm of our marine P&A business in Europe,” said Brunswick Chairman and Chief Executive Officer, Mark Schwabero. “As we have done in recent years with BLA in Australia and Payne’s Marine in Canada…