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Germany’s engine giant bought an armored vehicle maker

Germany’s DEUTZ AG, a 160-year-old engine manufacturer better known for building diesel motors than battle tanks, agreed on July 9 to buy FFG Flensburger Fahrzeugbau, one of Europe’s leading makers of armored vehicles, for €1.6 billion (roughly $1.83 billion). The deal marks the largest

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Germany’s DEUTZ AG, a 160-year-old engine manufacturer better known for building diesel motors than battle tanks, agreed on July 9 to buy FFG Flensburger Fahrzeugbau, one of Europe’s leading makers of armored vehicles, for €1.6 billion (roughly $1.83 billion). The deal marks the largest acquisition in the Cologne company’s history and signals a decisive break […]

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