# DEUTZ acquires battery specialist Futavis

DEUTZ AG has acquired Futavis GmbH, a development service provider for battery management hardware and software, to strengthen its electrification strategy. The purchase price was not disclosed.

- Type: Acquisition
- Announced: 2019-09-10
- Where: Alsdorf, Germany, Germany
- Jobs: 30
- Status: completed
- Products: battery management hardware and software, high-voltage battery technology
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [DEUTZ](https://endata.com/companies/13441.md) (acquirer)
- [Futavis](https://endata.com/companies/42608.md) (target)

## Sources

- [deutz.com](https://www.deutz.com/en/news/press-releases/news-detail/deutz-acquires-battery-specialist-futavis/), 2019-10-09: "Battery technology is a vitally important element of our E-DEUTZ strategy, which we will be further expanding with the Futavis acquisition."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.