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Tackle Trade World - March 2024

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Carbon neutral boost for<br />

Yamaha with acquisition<br />

2023-24<br />

Over 1,400 New<br />

Line Items in our<br />

2023-<strong>2024</strong> Catalog<br />

14,600+ Products<br />

Available for your<br />

Fly Tying Shops Walls!<br />

Microflex Soft<br />

Hackle Chenille<br />

Available in 5 sizes and<br />

31 Great Colors!<br />

In a bid to implement a<br />

multiple technology approach<br />

to achieve carbon neutrality,<br />

Yamaha Motor Co has acquired<br />

marine electric propulsion<br />

manufacturer Torqeedo.<br />

The stock purchase<br />

agreement with German parent<br />

company Deutz AG will also<br />

boost Yamaha’s position in the<br />

competitive electric propulsion<br />

market.<br />

Torqeedo offers a wide range<br />

of products including electric<br />

outboard and inboard motors<br />

through to batteries and other<br />

accessories. It also holds many<br />

patents related to electric<br />

motors, propellers and electric<br />

systems, as well as the R&D<br />

capabilities, mass-production<br />

equipment, and development<br />

resources for next-generation<br />

environmental technologies.<br />

Yamaha US Marine<br />

Business Unit president Ben<br />

Speciale explained: “Yamaha’s<br />

acquisition of Torqeedo<br />

supports the current mid-term<br />

plan and helps to accelerate<br />

the company’s efforts toward<br />

achieving carbon neutrality by<br />

2050.<br />

“That goal within the marine<br />

market can only be reached<br />

through an approach leveraging<br />

a variety of solutions, one of<br />

which is electric propulsion.<br />

“Through the relationship<br />

with Torqeedo, Yamaha will<br />

have the ability to fast-track<br />

the establishment of a small<br />

electric propulsion line-up,<br />

complementing the company’s<br />

efforts with hydrogen and<br />

sustainable fuels as additional<br />

means of reducing the carbon<br />

footprint on the water.<br />

“Furthermore, the pending<br />

acquisition supports Yamaha<br />

Marine’s CASE strategy, which<br />

helps Yamaha deliver highvalue,<br />

innovative products to<br />

customers while promoting<br />

marine conservation and<br />

sustainability.”

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