Deutz strikes $1.8B deal for FFG, expanding defense business amid European rearmament
Seeking Alpha ·
German engine manufacturer Deutz ( DEUZF ) agreed to acquire military vehicle producer FFG Flensburger Fahrzeugbau Gesellschaft in a transaction valued at approximately €1.6 billion ($1.8 billion), a move that significantly expands its presence in the defense sector as European governments increase military spending.
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