DEUTZ AG strengthens its expertise in key battery technology
DEUTZ AG has strengthened its key battery technology expertise by purchasing Futavis GmbH, a battery management hardware and software development service provider.
The move enables DEUTZ AG to incorporate batteries, a crucial core component, into its electrification strategy.
Futavis has extensive technical expertise in electronics, software, battery technology, battery testing and functional safety. This will supplement the electric drives systems knowledge of DEUTZ subsidiary Torqeedo with high-voltage battery technology.
DEUTZ AG CEO Dr Frank Hiller says battery technology is a vitally important element of our E-DEUTZ strategy and the Futavis acquisition will further expand this.
He says Futavis adds to the strong systems expertise of DEUTZ and Torqeedo development teams through its knowledge of high-voltage battery components, battery management systems and safety engineering, “We are taking the next step towards CO2 free off-highway-mobility,” Dr Hiller says.
Founder and managing director of Futavis GmbH, Dr Jens Bockstette, welcomes the move and says that in DEUTZ, Futavis has found the ideal partner to enable it to continue to grow and scale up.
“It has a strong global brand, access to worldwide markets for high-performance on- and off-highway drive systems, and systems engineering development expertise, Dr Bockstette says.
Futavis GmbH has developed and implemented numerous systems for prestigious customers in the automotive and commercial vehicle sectors.
Founded in Alsdorf in 2013, the company employs around 30 people and aims to generate revenue of more than €5 million in 2019.