• Strengthening of inhouse expertise in key battery technology
• High-voltage battery management system enhances the E-DEUTZ strategy
• Futavis has many years of experience with prestigious customers

COLOGNE, GERMANY - EQS Newswire - 9 October 2019 - Today, DEUTZ AGannounced its purchase of Futavis GmbH, a development service provider forbattery management hardware and software. The purchase of Futavis GmbH enablesDEUTZ AG to incorporate batteries, a crucial core component, in itselectrification strategy.

Futavis has extensive technical expertise in electronics, software, batterytechnology, and battery testing and in ensuring functional safety. The systemsknowledge of DEUTZ subsidiary Torqeedo in the area of electric drives will thusbe supplemented with high-voltage battery technology.

"Battery technology is a vitally important element of our E-DEUTZstrategy, which we will be further expanding with the Futavis acquisition. WithFutavis adding to the strong systems expertise of our DEUTZ and Torqeedodevelopment teams by contributing its knowledge of components for high-voltagebatteries, battery management systems, and safety engineering, we are takingthe next step towards CO2 free off-highway-mobility," says Dr. FrankHiller, CEO of DEUTZ AG.

Futavis also welcomes its acquisition by the Cologne-based drive systemspecialist. "In DEUTZ, Futavis has found the ideal partner that willenable it to continue to grow and scale up. It has a strong global brand,access to worldwide markets for high-performance on- and off-highway drivesystems, and systems engineering development expertise. And last but not least,the collaborative partnership has worked very well over the past few months. Ilook forward to growing alongside DEUTZ in the future," explains Dr. JensBockstette, founder and managing director of Futavis GmbH.

Futavis GmbH has developed and implemented numerous systems for prestigiouscustomers in the automotive and commercial vehicle sectors. Founded in Alsdorfin 2013, the company employs around 30 people and is aiming to generate revenueof more than EUR5 million in 2019. The parties have agreed not to disclose thepurchase price.

Upcoming financial dates
November 7, 2019: Interim management statement for the first to third quarterof 2019
March 18, 2020: 2019 annual report / annual results press conference
May 14, 2020: 2020 Annual General Meeting

Further information is available at www.deutz.com.

Forward-looking statements 

This investor news may contain certain forward-looking statements based oncurrent assumptions and forecasts made by the DEUTZ management team. Variousknown and unknown risks, uncertainties, and other factors may lead to materialdifferences between the actual results, the financial position, or theperformance of the DEUTZ Group and the estimates and assessments set out here.These factors include those that DEUTZ has described in published reports,which are available at www.deutz.com. The Company does not undertake to updatethese forward-looking statements or to change them to reflect future events ordevelopments.

Theissuer is solely responsible for the content of this announcement.