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Deutz AG is a German manufacturer specialising in internal combustion engines. Headquartered in Cologne, Germany, Deutz has been pioneering the mechanical engineering sector since 1864. For almost the first century of its existence, Deutz focused largely on small, light-rail locomotive engines, before branching out into larger engines with power ranges from five to 500 kW.
In 2012, majority shareholder SAME Deutz-Fahr took the decision to sell 22 million shares to Volvo, making the Swedish firm the biggest shareholder in Deutz with a shareholding of approximately 25%. Five years later, Volvo would sell on its shares in Deutz. In the same year, Deutz acquired Torqeedo GmbH, a company specialising in electric and hybrid boat engines.
The Deutz share price has endured a rather volatile history. Having reached an all-time high of €12.69 in July 1998, Deutz shares plunged into the early 2000s to lows of €1.29 in February 2003. It recovered smartly beyond €11 by February 2007, before the global financial crash of 2008 saw four years’ worth of market cap growth lost.
Once again, Deutz shares recovered after the recession and touched highs of €8.55 by April 2019. The uncertainty surrounding the Covid-19 pandemic caused understandable volatility for Deutz shares, falling to lows of €2.99 in March 2020 when the first lockdown hit.
2021 was another year of recovery for the Deutz share price, effectively doubling in value again to €8.11 in September 2021. However, persistent and escalating inflationary pressures have hit operating costs, causing the Deutz share price to retract again towards March 2020 levels.
Several other companies across Europe and the US specialise in power solutions for industrial and marine applications. Volvo Penta is one such competitor. The subsidiary of Volvo Group, the Gothenburg-based firm specialises in the supply of engines, generators, and other marine machinery.
India-based Jakpower is another industry leader in the design and manufacture of diesel generators. Jakpower has divisions across India but does little in the North American market. Deutz’ biggest North American competitor is Pacific, a leading industrial equipment supplier, specialising in engines and other heavy equipment from its Vancouver headquarters.
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* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.
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