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3i to acquire DEUTZ Power Systems31/07/2007. Source: AltAssets. 
 3i has agreed to back the MBO of Mannheim, Germany-based gas and diesel engine manufacturer DEUTZ Power Systems from DEUTZ AG in a €360m deal.
Peter Wirtz, director at 3i Germany, said, 'With its high technological expertise, DEUTZ Power Systems is very well positioned in a growing global market.'
The company's product portfolio includes engines which convert natural and special gases into power, heat or cold.
'With our international network, we will support DEUTZ Power Systems' management team in driving the planned growth of the business in new markets. Together with management, we have agreed on strategic milestones DPS should achieve going forward. The expansion of research facilities in particular is necessary for further growth,' Wirtz added.
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