Yamaha Motor has announced they have signed an agreement with the German company Deutz Ag, owner of Torqeedo, a brand that manufactures electric marine thrusters, for the takeover of the latter’s all corporate shares. It is a coherent move with the development strategy in the electric and sustainability sector. Torqeedo, pioneer in the field of electric powertrains for navigation, offers a broad range of products including outboard and inboard electric motors, batteries, and a broad range of accessories. Moreover, the company holds numerous patents concerning electric marine motors, propellers, and electric systems, as well as an important R&D centre, equipment for the mass-production, and resources for the development of state-of-the-art environmental technologies.
“The combination of the assets of Torqeedo and the technical expertise and know-how of Yamaha in the design of hulls, marine motors, and much more, will give birth to synergies for the creation of average-power electric outboard motors. Carrying out the Marine Case strategy, Yamaha will offer interesting added-value products and services to its customers and will hit its long-term target: being a company that takes care of the ocean’s value and increases it, providing its customers with a reliable rich experience at sea”, Yamaha explained.