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DEUTZ AG Acquires Italian Partner IML Motori - Quick Facts

DEUTZ AG (DEZBF.PK,DEUZF.PK) announced the company has acquired its long-standing Italian dealer IML Motori. The subsidiary IML Service and the Romanian sales and service company IML Motoare also form part of the acquisition. The company is to trade in Italy under the name DEUTZ Italy.

IML Motori generated around 45 million euros in revenue in the most recent financial year. IML Motori has worked in partnership with DEUTZ since it was founded by the Keller family in 1904. The company operates a national service network in Italy and Romania and is DEUTZ's exclusive sales partner in both countries.

"This acquisition is in line with our strategy of investing in the company's service network in selected locations in order to drive further growth in this profitable segment. The increasing technical complexity of the engine business also requires close contact with our customers. The acquisition of IML Motori will mean that our Italian customers benefit from even more DEUTZ expertise locally and from a more intensive customer relationship," said Michael Wellenzohn, member of the Board of Management of DEUTZ AG for Sales/Service & Marketing.

by RTTNews Staff Writer

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