# Yamaha Motor closes acquisition of Torqeedo

Yamaha Motor has closed its acquisition of Torqeedo, a marine electric propulsion company, from DEUTZ AG. The deal supports Yamaha's Marine CASE Strategy for carbon neutrality.

- Type: Acquisition
- Announced: 2024-04-03
- Where: Germany
- Status: completed
- Products: electric boat motor systems, electric propulsion systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Yamaha Motor](https://endata.com/companies/585.md) (acquirer)
- [DEUTZ](https://endata.com/companies/13441.md) (partner)
- [Torqeedo](https://endata.com/companies/76618.md) (target)

## Sources

- [marinebusiness.news](https://marinebusiness.news/news/yamaha-motor-closes-torqeedo-acquisition/), 2024-04-03: "With Yamaha Motor, we have a strong strategic partner at our side to jointly advance electromobility on the water."

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