The Purchaser is a corporation duly incorporated under the laws of the Country of Russia which prior to completion of the Acquisition held 20,100,700 Buhler Industries Shares representing approximately 80.4% of the total issued and outstanding Buhler Industries Shares.

Following the completion of the Acquisition, the Purchaser now holds 24,184,586 Buhler Industries Shares representing approximately 96.7% of the total issued and outstanding Buhler Industries Shares.

The purpose of the Acquisition was for investment purposes. The Purchase (or the directors and officers of Buhler Industries who are also directors, officers, and shareholders of the Purchaser) may acquire, directly or indirectly, additional securities of Buhler Industries from time to time depending on market conditions.

Source: Rostselmash

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“The investment in Blue World Technologies is a perfect fit for our sustainable growth strategy,”

says Deutz’s CEO, Dr. Frank Hiller.

The investment of DEUTZ made together with an investment of Vaektsfonden, the Danish Growth Fund will allow Blue World to set up further automated handling processes throughout production over the course of 2022. These will increase its production capacity with a view to commencing volume production toward the end of next year.

Dr. Frank Hiller:

“At the Deutz Days 21 in November, we unveiled our new ‘Green’ reporting segment to the public. We also presented the Blue World products to our customers. The interest we have been able to generate from this event has been overwhelming. Fuel cells that run on ‘green’ methanol will enable a faster transition to carbon-neutral operation because this is a liquid fuel compatible with existing infrastructure. Deutz is thus making further headway with new technologies that will move it beyond the conventional engine to offer climate-neutral solutions for the off-highway segment. The Blue World investment is another step along the way to achieving the growth target for our ‘Green’ segment.”

Anders Korsgaard, CEO and Co-founder of Blue World Technologies explains and continues:

“Our collaboration with Deutz has been kicked off very well, and we have experienced strong interest from the Deutz partners in our methanol fuel cell technologies. Within the last couple of years, we have seen global market leaders invest heavily throughout the methanol value chain, from production to utilization. With the increasing focus on the production of green methanol, the timing for this collaboration between Deutz and Blue World is perfect”.

Source: Deutz

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