Yamaha Motor Co., Ltd. resolved to acquire Torqeedo GmbH from DEUTZ Aktiengesellschaft (XTRA:DEZ) on December 26, 2023. Yamaha Motor concluded a share purchase agreement to acquire Torqeedo GmbH from DEUTZ Aktiengesellschaft (XTRA:DEZ) for ?74.8 million on January 12, 2024. The agreement is subject to the usual regulatory approvals.

The transaction is expected to close at the end of the first quarter of 2024. Isaschar Nicolaysen, Benjamin Parameswaran and team of DLA Piper Germany, Richard Bull, Steve Reil and team of DLA Piper LLP (US), Thananan Sangnuan and team of DLA Piper (Thailand) Company, Gregory Tulquois and team of acted DLA Piper France LLP acted as legal advisors to Yamaha Motor in this transaction. Philipp Sebbesse, Matthias Fritzsche, Tosh Kojima, Keiichiro Izawa from DC Advisory acted as financial advisors to Yamaha Motor Co., Ltd. (TSE:7272).

Juan Carlos Montoya from ALANTRA Deutschland GmbH acted as financial advisor to DEUTZ Aktiengesellschaft (XTRA:DEZ).