EQS-Adhoc: DEUTZ acquires SOBEK Group, a supplier of electric drive systems, and taps into growth market in defense

Summary by AI BETAClose X

DEUTZ AG has signed an agreement to acquire 100% of SOBEK Group GmbH, a developer of electric drive systems. SOBEK anticipates revenues in the low to mid double-digit million-euro range for the 2025 financial year, with an EBITDA of approximately €10 to €12 million and around 70 employees. The purchase price represents an EBITDA multiple of around 11x based on SOBEK's expected 2025 profitability. Financing for the acquisition is secured through credit lines, and DEUTZ is considering a capital increase from authorized capital, excluding pre-emption rights, of no more than 10% of the current share capital, subject to market conditions. The transaction's closing is expected imminently.

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Deutz AG (0E4K)
UK 100

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