$DEZ (+0,43%) Today, the Federal Cartel Office approved the merger with FFG. Now all that remains is for the shareholders to make their decision.

What do you think?

https://www.reuters.com/business/aerospace-defense/germanys-deutz-buy-military-vehicle-maker-ffg-16-bln-2026-07-09/

Deutz Acquires FFG for 1.6 Billion Euros, Accelerates Defense Push

• Deutz expects the deal to help it achieve its 2030 goals one to two years earlier
• Following the closing, FFG’s owner families will hold up to 29.9% of Deutz
• The transaction is expected to close by 2027 at the latest

July 9 (Reuters) - German engine manufacturer Deutz $DEZ (+0,43%) said on Thursday that it had agreed to acquire military vehicle manufacturer FFG Flensburger Fahrzeugbau Gesellschaft for 1.6 billion euros (1.83 billion dollars), deepening its push into the defense sector as European military spending rises.

The company said the transaction is expected to bring its 2030 strategic goals—4 billion euros in revenue and a 10% margin on earnings before interest and taxes—within reach ahead of schedule.

The following was also reported on TR:

Deutz plans to increase its share capital by up to 183,336,437.76 euros to finance the purchase of 100 percent of FFG.

• Up to 71,615,796 new shares will be issued at 2.56 euros per share, with up to 9,802,416 FFG shares contributed in kind.
• Shareholders’ subscription rights are to be fully waived; the sellers would retain up to approximately 29.9 percent of the shares.
• In addition, a cash component totaling 1,029,677,852 euros is planned for the remaining FFG shares; this amount decreases if the share component is higher.
• Vote at the extraordinary general meeting on August 24, 2026; recommendation: approve.

I’m wondering why the company is issuing new shares at such a massive discount?

I’d appreciate an explanation.

$DEZ (+0,43%) plans to acquire Flensburg-based FFG and pay approximately €1.6 billion for it. With this move, the engine manufacturer aims to expand its defense division. The acquisition of this profitable specialist is also expected to help the company reach its 2030 revenue targets—raising them from the current €2.3–2.5 billion to over €4 billion—well ahead of schedule.

https://www.spiegel.de/wirtschaft/deutz-will-ruestungsfirma-ffg-kaufen-a-34618e17-b251-4a91-a516-fc2fd78687ec

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Link: https://shorturl.at/maYS2

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Review March 2026

📊 Performance & markets

Monthly performance: -3,99 %

The Robo-Advisor continues to stand at an overall performance of 35,58 %.

Hot factor favorite: Nvidia

King Midas Factor: Walmart

1 Swiss franc is quoted at 1.08 Euro

₿ Crypto & alternative investments

In the crypto area, savings plans are running as usual again.

There were no new purchases or sales in Timeless.

There was no news on NFTs and music rights.

🍷 Winery

No news at all.

📈 Individual shares, ETFs & savings plans

Sale of $TPE (+1,92%) after purchases from $OTEX (-0,02%) and $ELMRA (-0,12%)

Top of the month: $quant

Flop of the month: $DEZ (+0,43%)

🚀 Crowdcube & Startups

• No news at all.

🧠 Nao

• Savings plans continue.

🌴 Review March

You can find the first part here:

https://app.getquin.com/de/post/jkGlkRTWrT/offtopic-irland-urlaub

I deliberately used the last few days of my unpaid vacation:

I invited my wife to a 5-star brunch in Switzerland (170 francs per person), met up with friends and former work colleagues and had lots of good conversations. I also read two books and had my annual routine check-up at the hospital.

The car was also due for a service for around €400.

Financially interesting: despite all these expenses, compared to other months I only spent around 25 € more compared to other months but all savings plans were reduced to a minimum. This will remain the case in April.

It was an unusual feeling not to receive a salary at the end of the month and to have to bridge the gap with savings until the 25th. At the same time, it is a good simulation for early retirement.

And: Our Bitcoin-Oli is finally back, which made me happy. @innovaclustersolution

🎧 Interest rates, podcasts & real estate

There was no news at Vivid.

The podcast is in Season 3 Episode 1 is all about financial goals.

Real estate: We continue to save for the 2026 special repayment.

🔮 Outlook for April

The working day begins again on Maundy Thursday. Savings plans remain reduced for the time being. Easter will be spent in close company and the tax return is already waiting.

I wish you all happy holidays!

And you? How was your March?

If you want to find out more, feel free to follow me.

And if you don't like my investments: The block function works wonderfully 😄

$DEZ (+0,43%)

https://www.hartpunkt.de/deutz-entwickelt-neuen-800kw-panzermotor/

The following small positions were reversed:

$VOW (-0,16%) (3)

$DEZ (+0,43%) (25)

Newly included:

$FTNT (+1,46%) (10)

Increased:

$NOVO B (-6,55%) (9)

I wanted to tidy up my portfolio a bit, as these small positions were just bobbing around and I hadn't really thought through both investments.

I also wanted to take up a cybersecurity position.

$DEZ (+0,43%) Hi, have Deutz with 100% price gain in the portfolio and wonder if now would be time for a swing trade... who sings here and can share their experiences 😀

In the long term, I already wanted to have Deutz in my portfolio

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The German stock market was weak on Tuesday. Pressure was exerted on the indices not least by weak US stock markets, following the absence of trading in the USA on Monday due to Labor Day. The Dax slipped more sharply below the psychologically important 24,000-point mark, which has come back into focus since last week.

"Recently, buyers have always entered the market at the 24,000-point threshold," commented portfolio manager Thomas Altmann from QC Partners. "However, it is quite conceivable that this buying threshold will gradually shift downwards."

At lunchtime, the leading German index was down 1.1 percent at 23,784 points. The MDax fell below 30,000 points. Most recently, the index of medium-sized companies lost 1.8 percent to 29,914 points.

With regard to the USA, the main focus is on the reaction of the US stock markets after an appeals court denied President Donald Trump the authority to impose far-reaching tariffs on imported products on Friday, citing an emergency law.

"In Asian trade, the continuing uncertainty about the economic impact of the US punitive tariffs was used for profit-taking," said market expert Andreas Lipkow. In view of the power struggle taking place behind the scenes around the US Federal Reserve, there are currently many questions and the upcoming meeting in September is the subject of much discussion.

"An interest rate cut is far from a foregone conclusion." The upcoming economic data from the US, such as the labor market report on Friday, is therefore likely to play an important role. "Many new risk clusters are currently forming, which could still cause considerable fluctuations on the financial markets."

Among the individual stocks in the Dax, the FMC-Aktie ($FMC (+0,36%) ) brought up the rear, losing 4.9 percent. A sell recommendation from the major Swiss bank UBS weighed on the stock. Analyst Graham Doyle referred to structural risks with regard to business development in the USA and the danger of falling consensus estimates for the operating result.

Siemens ($SIE (+0,64%) ) fell by 2.8 percent. They suffered from a downgrade to "market perform" by Bernstein Research. Analyst Nicholas Green justified his move with the strong share price gains in recent years. Commerzbank ($CBK (+2,1%) ) , downgraded to "Equal-weight" by Morgan Stanley, lost 2.4 percent. At the current valuation level, analyst Alvaro Serrano wrote that further progress in the Frankfurt-based company's business plan is needed first.

In the SDax the share price of SMA Solar ($S92 (+6,42%) ) fell by 28 percent. The manufacturer of inverters for photovoltaic systems lowered its forecast for the current year and now expects an operating loss. The restructuring efforts that have already been initiated are to be intensified further.

The fact that the motor manufacturer Deutz ($DEZ (+0,43%) ) is expanding its still small business in the defense market with the planned acquisition of the Sobek Group. The share gained 6.0 percent at the top of the index. The Sobek Group is a drive specialist for drones.