Yamaha Motor to acquire Torqeedo.

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.