Operator
Good morning, and welcome to DEUTZ’s conference call on the acquisition of SOBEK Group. Please note that this call is being recorded, and a replay will be available on deutz.com later today. By participating in this call, you are consenting to this.
I’m pleased to welcome DEUTZ’s CEO, Sebastian Schulte; and CFO, Oliver Neu. So Sebastian will provide an overview of the acquired company, SOBEK and the transaction. Afterwards, we will open the floor for your questions. For your information, we are planning for this call around 30 minutes. As always, please note the disclaimer, especially with regards to forward-looking statements.
And with that, I hand it over to you, Sebastian.
Sebastian Schulte
CEO & Chairman of Management Board
Yes. Thank you very much, Sarah, and good morning to everyone who has dialed in. And indeed, last night, we updated the public, the capital market with a talk release about our acquisition of SOBEK. And it’s really the headline as we have it here that we, as a company, are strengthening our defense business with that acquisition. And SOBEK, and I will talk about that later, it’s a drive system specialist for drones, but also for other applications.
So a true sort of dual-use business, but obviously with a strong focus on military and drones. What we’re going to cover today is, first of all, spend some time on the market perspectives, well, defense market, but obviously, with a focus on the UAVs, unmanned aerial vehicles. We will introduce you to SOBEK, their technology, their positioning. And of course, we will also introduce what drove us, what’s the strategic rationale behind DEUTZ acquiring SOBEK and how this is going to fit to our
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