DEUTZ Group To Buy UMS Holding; Terms Undisclosed

India, April 6 -- DEUTZ Group said that it agreed to buy UMS Holding B.V., based in Oss, The Netherlands. The companies have agreed not to disclose the purchase price.

DEUTZ will finance the acquisition from cash and existing credit facilities.

The closing of the acquisition is expected in the course of the first half of 2025.

UMS is a developer and provider of electrification solutions, especially for off-highway vehicles, and operates as an advanced start-up technology company on the cusp of industrializing its electrification products.

UMS employs around 60 people and had revenues of around 10 million euros in 2024, with earnings (EBITDA) slightly below break-even.

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