DEUTZ AG Updates Strategy and Implements Cost-Cutting Measures

DEUTZ AG has announced updates to its growth strategy and a sustainable cost reduction program. Aimed at achieving a revenue target of €4.0 billion by 2030, the strategy includes portfolio diversification and the establishment of a new Solutions segment. The company's focus on alternative drives continues, with significant developments in both the service business and the green portfolio.

The new Solutions segment will enhance DEUTZ's role as a solutions provider, while expected growth in the Energy and New Technologies segments will complement this. DEUTZ projects conventional engine business to contribute half of the 2030 revenue, with the service business accounting for 25%.

As part of the strategy, DEUTZ aims to cut costs by €50 million by the end of 2026 to counter cyclical demand declines and enhance resiliency through structural changes, including job cuts.