Yamaha Motor acquires Torqeedo

Just recently, we were able to announce that Yamaha is entering Formula E with Lola. Adding the acquisition of Torqueedo to this, a big piece of the puzzle from the Japanese engine manufacturer's CASE Strategy 2024, which also builds motorcycles and was completely linked with the musical instrument manufacturer until a few years ago, is slowly coming together. According to its own information, Torqeedo is currently the market leader for electromobility on the water. The company was founded in 2005 in Starnberg and develops and produces electric and hybrid drives from 0.5 to 100 kW for commercial applications and recreational use. Torqeedo's products are characterized by an uncompromising high-tech focus, maximum efficiency, and complete system integration.

The acquisition of Torqueedo is, therefore, an important building block of Yamaha Motor's Marine CASE Strategy 2024, to advance the decarbonization of the maritime sector through alternative propulsion systems, as Torqeedo brings years of expertise and an extensive product range of electric and hybrid propulsion systems into the Yamaha Motor Group.

The completion of the share purchase agreement with the German engine manufacturer Deutz AG, the previous owner of Torqeedo, marks according to the press release "a milestone in Yamaha Motor's Marine CASE Strategy 2024." This strategy aims to achieve carbon neutrality in the shipping industry and includes the establishment of an electric drive line. Fabian Bez, CEO of Torqeedo, explains:

"With Yamaha Motor, we have a strong strategic partner at our side to jointly advance electromobility on the water. This merger offers us new opportunities to further strengthen our leading position in the growing market for electric boat motors and to jointly shape the future of boating sustainably."

Jointly advancing the decarbonization of shipping

With the takeover, Yamaha Motor achieves an easier entry into the dynamic market of electromobility. By realizing its Marine CASE Strategy in 2024, Yamaha Motor aims to increase its competitiveness and accelerate the decarbonization of shipping. In the future, the Japanese company can rely on Torqeedo's expertise to meet the steadily increasing demand for electric and hybrid propulsion systems. Toshiaki Ibata, Senior Executive Officer, Chief Director of Marine Business Operations Yamaha Motor, explains:

"With the purchase of Torqeedo, the world market leader for electromobility on the water, we are taking the next step in our Marine CASE Strategy for 2024. Torqeedo's years of expertise provide us with competent support in advancing the electrification of our marine applications, contributing significantly to an emissions-free shipping industry."