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Synopsis
DEUTZ, an internal combustion engine manufacturer completed the acquisition of Frerk, a manufacturer and systems integrator for emergency power systems. Financial terms were not disclosed. “Following our successful market entry in the USA, we are establishing DEUTZ as a global provider of emergency power systems with the acquisition of Frerk and are focusing on supplying data centers that are benefiting from the AI boom.This allows us to consistently pursue our strategy of broadening DEUTZ’s reach and making it less dependent on the cyclical business with combustion engines – with a clear focus on high-growth markets where we can leverage our strengths and expertise,” Sebastian Schulte, DEUTZ CEO.
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