Announced
Financials
Tags
Majority
maritime
Germany
Recreational Vehicles and Boats
Acquisition
electric motors
Cross Border
Private
Pending
Friendly
Single Bidder
Synopsis
Yamaha Motor, a Japanese mobility manufacturer, agreed to acquire Torqeedo, an electric boat drives manufacturer. Financial terms were not disclosed. “Yamaha’s acquisition of Torqeedo supports the current Mid-Term Plan and helps to accelerate the company’s efforts toward achieving carbon neutrality by 2050. That goal within the marine market can only be reached through an approach leveraging a variety of solutions, one of which is electric propulsion,” Ben Speciale, Yamaha President.
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