DEUTZ buys FFG for €1.6B, creating a European defense powerhouse

DEUTZ agreed to acquire military vehicle provider FFG Flensburger Fahrzeugbau Gesellschaft mbH for approximately €1.6 billion. The merger combines DEUTZ’s propulsion technology with FFG’s vehicle systems to serve NATO and German armed forces.

This transaction establishes a defense business as a new cornerstone for DEUTZ’s industrial transformation. DEUTZ will fund the acquisition through a combination of cash and newly issued shares.

FFG’s current owner families will become long-term anchor shareholders with a stake of up to 29.9%. FFG will remain operationally independent while forming the core of DEUTZ’s defense division. The deal is expected to help DEUTZ reach its 2030 revenue and margin targets ahead of schedule.