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Carbon neutral boost for<br />
Yamaha with acquisition<br />
2023-24<br />
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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.”