Daimler trucks
On the one hand, it is about medium-duty conventional commercial vehicle engines, which Deutz wants to further develop for agricultural and construction machinery, and on the other hand about heavy engines for off-road use.
(Photo: Mercedes-Benz)
The engine manufacturer Deutz wants to take over the production of certain combustion engines from Daimler Truck in a few years. Agreements on patent rights and licenses had been signed with Daimler Truck, which gave Deutz access to the truck manufacturer’s engines from the end of the decade, Deutz announced on Monday.
On the one hand, it is about medium-duty conventional commercial vehicle engines, which Deutz wants to further develop for agricultural and construction machinery, and on the other hand about heavy engines for off-road use. Deutz is thus opening up new customer groups and saving development costs.
“Conventional drives with internal combustion engines are still needed, especially in the heavy-duty sector and in agriculture – and can be operated in an environmentally friendly way through the use of synthetic fuels,” explained Deutz boss Sebastian Schulte. The SDax group wants to continue growing in the classic engine business.
Daimler decided last year not to invest any more of its own funds in the further development of medium-duty combustion engines in view of the switch to electric drives, explained Daimler technology chief Andreas Gorbach.
Top jobs of the day
Find the best jobs now and be notified by email.
Both transactions totaled a mid-double-digit million euro amount, it said. Deutz will pay in cash for the rights to the heavy-duty engines, while Daimler Truck will receive Deutz shares for the rights to the medium-duty engines as part of a capital increase and will hold a good four percent stake in the Cologne-based company.
More: Farewell to the combustion engine: Mercedes will convert the most important engine plants to electric from 2024