Yamaha Motor has successfully closed the acquisition of Torqeedo GmbH, the esteemed leader in marine electric mobility. This monumental move marks a significant step in Yamaha Motor’s Marine CASE Strategy 2024, dedicated to steering the maritime industry toward carbon neutrality through innovative propulsion systems.
Formerly under the helm of DEUTZ AG, Torqeedo now sets sail under the flag of the Japanese multinational group. This strategic acquisition is not just about joining forces; it’s about propelling the future of boating toward sustainability. Torqeedo’s extensive portfolio of electric and hybrid drive systems perfectly aligns with Yamaha Motor’s vision to revolutionize the marine industry.
“With Yamaha Motor, we have a strong strategic partner at our side to jointly advance electromobility on the water,” says Fabian Bez, CEO of Torqeedo. “This merger offers us new opportunities to strengthen our leading position in the growing market for electric boat motor systems and to shape the future of boating sustainably together.”
The acquisition signifies Yamaha Motor’s debut into the vibrant electromobility market. Through the execution of its Marine CASE Strategy in 2024, the Japanese company aims to bolster its competitive edge and expedite the reduction of carbon emissions in shipping. With Torqeedo’s experience at its disposal, Yamaha Motor is poised to fulfill the growing need for electric and hybrid propulsion systems in the future.
“Torqeedo’s years of expertise provide us with expert support in driving the electrification of our marine applications to make an important contribution to a zero-emission shipping industry,” says Toshiaki Ibata, senior executive officer and chief director of marine business operations at Yamaha Motor.
Torqeedo brings to the table nearly two decades of knowledge, backed by more than 250 patents for electric motors, propellers, and electrical systems. Its series production facilities and robust research resources will now be harnessed in collaboration with Yamaha Motor to develop cutting-edge boat motors, ensuring smooth sailing for years to come.
