DEUTZ Aktiengesellschaft (DB:DEZ) acquired Torqeedo GmbH from Co-Investor AG, Mountain Partners AG and others for €73.9 million on September 27, 2017. The transaction will be financed from available cash. Alongside their role as managing directors of Torqeedo Christoph Ballin and Ralf Plieninger will also take on senior management positions at DEUTZ AG. Christoph Ballin has been appointed Head of Strategy while Torqeedo Chief Operation Officer Ralf Plieninger has been appointed Head of Electrification. The team will continue to operate its rapidly growing business under its established brand. The transaction will take effect on October 1, 2017. Ernst & Young GmbH Wirtschaftsprüfungsgesellschaft acted as accountant advisor for DEUTZ AG. ACXIT Capital Partners acted as financial advisor for Torqeedo. Michael Haidinger, Christoph H. Seibt ,Maximilian Lasson, Friedrich von der Heydt, Fabian Behrens, Lutz Drallé, Jörg-Peter Kraack, Dora Rendessy, Cole Randle, Anna Cross , Roman Eschke, Benjamin Köpple, Alexander Hoffmann, Thomas Kreifels, Moritz Becker, Lisa Ottinger (Conflict Resolution), Moritz Heidbuechel, Andreas Duensing, Alexander Schwahn, Katharina Kubik, Martin Klusmann and Juliane Ziebarth of Freshfields Bruckhaus Deringer acted as legal advisor to DEUTZ Aktiengesellschaft. Michael Inhester, Gerald Herrmann and Adalbert Makos of P+P Pöllath + Partners were the legal advisors of Co-Investor AG. DEUTZ Aktiengesellschaft (DB:DEZ) completed the acquisition of Torqeedo GmbH from Co-Investor AG, Mountain Partners AG and others on September 27, 2017. Torqeedo GmbH reported revenues of €25.9 million for the year 2017.