The conclusion of the share purchase agreement with DEUTZ AG, the previous owner of Torqeedo, marks an important milestone in Yamaha's endeavours to make boating climate-neutral. The aim of the acquisition is to strengthen Torqeedo's leading position in electric boat engines and to jointly shape the future of sustainable boating.
With Yamaha Motor as a strategic partner, we have new opportunities to drive electric mobility on the water. This merger enables us to further expand our leading position and work together to shape a sustainable future for boating." - Fabian Bez, CEO of Torqeedo
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By entering the electromobility market through the acquisition, Yamaha aims to strengthen its competitiveness and drive forward the decarbonisation of the boating industry. With Torqeedo's expertise, the Japanese company will be able to meet the growing demand for electric and hybrid drive systems.
With the acquisition of Torqeedo, the global market leader for electromobility on water, we are taking the next step in our Marine CASE Strategy for 2024." - Toshiaki Ibata, Senior Executive Officer and Chief Director of Marine Business Operations at Yamaha Motor
The Torqeedo brand
Torqeedo was founded in 2005 in Starnberg and has been developing electric and hybrid drives for the maritime leisure sector and commercial shipping ever since. The power range of the high-tech drives extends from 0.5 to 100 kW. Torqeedo has almost two decades of experience, more than 250 patents for electric motors, propellers and electrical systems, as well as production facilities and research resources. The company plans to utilise these resources to jointly develop boat engines with Yamaha Motor.
Jan-Ole Puls
Editor Test & Technology
