DEUTZ Aktiengesellschaft (XTRA:DEZ) and Vækstfonden entered into an agreement to acquire an unkown stake in Blue World Technologies ApS for €15 million on October 7, 2021. The transaction is subject to due diligence process and is expected for Q4 2021. As of December 14, 2021, due diligence was done, leading to the purchase of the first of two tranches. The purchase of the second tranche is expected to follow in the first half of 2022, subject to customary closing conditions and regulatory approval. DEUTZ will be investing a total of €7.5 million to take an 11.91% stake in the company.