Press Release


14.06.2012

Volvo increases stake in DEUTZ to 25% plus 1 share


  • Volvo acquires DEUTZ shareholding from SAME DEUTZ-FAHR
  • Swedish manufacturer of construction machinery becomes single largest shareholder
  • Volvo and DEUTZ enhance cooperation

Volvo, the Swedish manufacturer of construction machinery announced its intent to pur-chase more than 22 Million DEUTZ shares from the existing majority shareholder SAME DEUTZ-FAHR. Subject to the necessary approval of the antitrust authorities, Volvo will hold 25% plus 1 share, and SAME DEUTZ- FAHR approximately 8.4% of DEUTZ. This makes Volvo the largest shareholder of DEUTZ. At the same time, SAME DEUTZ-FAHR announced its intent to continue its successful customer supply relationship and strategic partnership with DEUTZ.
 
"The acquisition of the shareholding underlines the fact that Volvo seeks to deepen its long-standing cooperation with DEUTZ and plans to further develop jointly with us the successful strategy of recent years," Dr. Helmut Leube, Chairman of the Board of Management of DEUTZ AG, commented. “We also look forward to continue the successful cooperation with our partner SAME DEUTZ-FAHR".


 

For further information on this DEUTZ press release, please contact:

Public Relations
Georg Diderich
Tel.: +49 (0)221 822-2200
Fax: +49 (0)221 822-15-2200
E-Mail: diderich.g@deutz.com

Investor Relations
Christian Krupp

Tel.: +49 (0)221 822-5400
Fax: +49 (0)221 822-15-5400
E-Mail: krupp.c@deutz.com