Equipped for Defence Deutz Secures Another Partner for Military Business

Source: dpa | Translated by AI 1 min Reading Time

The Cologne-based engine manufacturer Deutz has also been active in the rapidly developing defence business for some time. To further strengthen its position, it is relying on ARX Robotics ...

Deutz aims to establish itself more and more in the defence industry. The engine manufacturer is bringing partners on board for this. Recently, the Cologne-based company acquired Sobek. Now, it is taking over ARX Robotics. Here is more about this strategy ...(Image: dpa)
Deutz aims to establish itself more and more in the defence industry. The engine manufacturer is bringing partners on board for this. Recently, the Cologne-based company acquired Sobek. Now, it is taking over ARX Robotics. Here is more about this strategy ...
(Image: dpa)

Deutz is expanding its involvement in the defence business through a partnership, as reported by the dpa. A step in this direction, according to the engine manufacturer, is its participation in the strategic financing round of ARX Robotics. The conclusion is expected in the coming weeks. This decision is, according to Deutz, part of a broader strategic partnership between the two companies. Financial details, as is often the case, were not disclosed. In this collaboration, Deutz's drive systems are to be used in unmanned ground vehicles by ARX Robotics. The latter will gain access to drive systems, mobile energy infrastructure, and Deutz's production network. And, as is well-known, the Cologne-based company had already acquired Sobek, a specialist in drone propulsion systems, earlier in September. Investors reacted positively to the announcement regarding ARX. Consequently, the Deutz share price rose by 3.6 percent in the Sdax yesterday afternoon.

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