India, Sept. 1 -- Deutz AG (DEZBF.PK), a German internal combustion engine manufacturer, agreed to all of the shares in SOBEK Group GmbH. The German company, which has three sites in Baden-Wurttemberg and Hessen, operates in several specialized application areas, including motor sports, aerospace, and medical technology. The company supplies high-performance pumps based on its electric motors and control electronics.
SOBEK, which employs around 70 people, expects to achieve revenue in the low to mid-double-digit millions of euros in the current financial year, while achieving a significant double-digit EBIT margin.
The transaction is expected to be completed imminently.
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