Mountain Partners’ trade sale of electric drive specialist torqeedo
Torqeedo GmbH, a Mountain Partners portfolio company, has been acquired by DEUTZ AG. Mountain Partners was one of the first investing in Torqeedos’ solutions for integrated electric and hybrid drives for boats. Thanks to its significant expertise in components, software and system integration, the Munich company has become the leading provider of electric drive systems for watercraft.
Founded in 2005, Torqeedo is now the global market leader and operates in more than 50 countries on five continents. Its products are characterized by an uncompromising focus on high-tech, maximum efficiency and complete system integration.
DEUTZ is one of the world’s leading manufacturers of innovative drive systems. Its core competences are the development, production, distribution and servicing of drive systems for professional applications.
By acquiring Torqeedo, DEUTZ is gaining an experienced team of electrification specialists with an excellent track record, led by the company’s Founder and CEO Dr. Christoph Ballin. The team will continue to operate its rapidly growing business under its established brand. “Torqeedo has extensive know-how in respect of electric motors, battery management, power electronics and system integration. We look forward to working with DEUTZ’s development team in order to play a key part in driving forward electrification in the off-highway sector. Being part of the DEUTZ Group will create additional opportunities for Torqeedo in the areas of industrialization, purchasing, sales and service. We aim to make use of these opportunities and further accelerate our growth,” says Dr. Christoph Ballin.
Find the official press release in English here.