DEUTZ AG Acquires FFG to Enhance Defense Capabilities

DEUTZ AG has announced the acquisition of FFG Flensburger Fahrzeugbau Gesellschaft mbH for approximately €1.6 billion. The move is a strategic step to accelerate DEUTZ's transformation into a prominent systems provider for military vehicles and energy solutions in Europe.

The deal entails paying the purchase price partly in cash and partly through new DEUTZ shares, allowing FFG's current families to becoming long-term anchor shareholders with up to a 29.9% stake. FFG will remain operationally independent within DEUTZ but will be central to its defense activities.

This acquisition allows DEUTZ to aim for its 2030 targets of €4 billion revenue and a 10% EBIT margin ahead of schedule. The union promises to bolster defense capabilities and secure high-quality jobs. The completion of the transaction is expected by late 2026 or early 2027, subject to necessary approvals.