Germanyβs engine giant bought an armored vehicle maker
Germanyβs DEUTZ AG, a 160-year-old engine manufacturer better known for building diesel motors than battle tanks, agreed on July 9 to buy FFG Flensburger Fahrzeugbau, one of Europeβs leading makers of armored vehicles, for β¬1.6 billion (roughly $1.83 billion). The deal marks the largest acquisition in the Cologne companyβs history and signals a decisive break [β¦]