Yamaha Motor Announces Intent to Acquire Electric Marine Propulsion Manufacturer Torqeedo

KENNESAW, Ga.–(BUSINESS WIRE)–Yamaha Motor Co., Ltd. (Tokyo: 7272) announced today the recent conclusion of a stock purchase agreement with Germany’s DEUTZ AG, which owns marine electric propulsion manufacturer Torqeedo®, to acquire all of Torqeedo’s shares. The intended acquisition of Torqeedo, which is subject to clearances, permits, etc., required by competition laws and other regulations, further supports Yamaha’s strategy to implement a multiple technology approach to achieve carbon neut

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