DEUTZ to acquire UMS.

DEUTZ, an engine company, agreed to acquire UMS, a specialist in the electrification of off-highway vehicles. Financial terms were not disclosed. “By acquiring UMS, DEUTZ is accelerating the development of battery-electric drives for heavy-duty applications and will immediately facilitate the electrification of larger off-highway machines. We are thus taking a strategically important step under our Dual+ strategy and will play a key role in the consolidation of the market for internal combustion engines and for climate-friendly drives used to power large machines,” Dr. Sebastian C. Schulte, DEUTZ CEO.