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Business News

Mergers, Acquisitions & Disposals

Netherlands

|

Electric Drive

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Mergers, Acquisitions & Disposals

ConMet acquires heavy-duty assets from Saietta

By Bradley Osborne – 19th September 2023

Intellectual property, offices, and testing facilities based in Apeldoorn, Netherlands have now been transferred to ConMet, and former staff associated with the heavy-duty motor development have moved to ConMet as well.

Netherlands

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Electric Charging

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Mergers, Acquisitions & Disposals

Siemens to acquire EV charging firm Heliox

By Bradley Osborne – 8th September 2023

Siemens said that the acquisition, which would merge Heliox into its existing eMobility portfolio of charging products, will expand its coverage to DC fast chargers for trucks and buses.

Spain

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Electric Drive

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New Company

QEV Tech to list on Euronext Amsterdam by end of year following SPAC-merger

By Bradley Osborne – 7th September 2023

The implied enterprise valuation of "QEV NV" is EUR209m, and approximately EUR23m in capital has been committed to the proposed transaction.

India

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Mergers, Acquisitions & Disposals

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Investment

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eMaaS, Financial & Insurance Services

Ashok Leyland has acquired e-MaaS company OHM

By RACE Innovations Pvt Ltd – 3rd September 2023

OHM Global Mobility is now a part of Switch Mobility, founded in 2020. It provides an end-to-end clean mobility financing technology platform that enables EV businesses to access institutional capital efficiently.

UK

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USA

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Mergers, Acquisitions & Disposals

Tevva to merge with US firm to become ‘Tevva Inc’

By Bradley Osborne – 21st August 2023

The merger with ElectraMeccanica, which is expected to complete in the fourth quarter of this year, is being made with the view of combining industrial assets on both sides of the Atlantic and scaling up electric vehicle production for the European and North American markets. 

Israel

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Battery Systems, Supercapacitors & Solar

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Mergers, Acquisitions & Disposals

GM acquires Israeli battery software startup

By Luke Willetts – 18th August 2023

The patented software helps detect early battery defects and will aid GM in developing an early hazard detection system for batteries. The value behind this software is that it doesn’t require additional hardware or sensors to monitor minor changes that have the potential to impact battery health.

USA

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HVAC Systems

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Mergers, Acquisitions & Disposals

Daikin purchases two companies to strengthen North American HVAC business

By Luke Willetts – 16th August 2023

The company has acquired two Seattle-based companies, Integrated Systems and Controls and InControl in order to strengthen its HVAC business in North America.

South Korea

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Mergers, Acquisitions & Disposals

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Ownership

KG Mobility to expand Edison Motors’ operation following bankruptcy court-approved acquisition

By Will Pulson – 12th August 2023

KG Mobility (known previously as Ssangyong Motor Company), has bought electric commercial vehicle manufacturer, Edison Motors Company, and will change the name to KGM Commercial.

USA

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Hydrogen Fuel

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Mergers, Acquisitions & Disposals

Nikola to sell hydrogen hub in Arizona to Fortescue Future Industries

By Bradley Osborne – 31st July 2023

FFI is now acquiring the ‘Phoenix Hydrogen Hub’ project for an undisclosed sum and will draw up a supply agreement with Nikola for hydrogen produced at the site when it is up and running.

USA

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Canada

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Mergers, Acquisitions & Disposals

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Ownership

Cummins buys out Air Liquide’s share in Hydrogenics

By Bradley Osborne – 22nd July 2023

Hydrogenics’ fuel cell and electrolyser capabilities will be incorporated within Cummins’ new business unit for zero-emission technologies called ‘Accelera’.

Brazil

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AI, Digitalisation & Robotics

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Mergers, Acquisitions & Disposals

Randoncorp buys controlling stake in digital solutions company DBServer

By Jose Secco – 12th July 2023

DB is a 30 year old technology company company with offices in Porto Alegre (RS) and São Paulo (SP).

Brazil

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Mergers, Acquisitions & Disposals

|

Connectivity

TruckPag acquires control of telematics services provider, 3SAT Tecnologia

By Jose Secco – 11th July 2023

Kássio Seefeld, CEO of TruckPag says it is set to double its customer sles and revenues in 2023.

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    • Electrical Systems & Components
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    • Fuel Storage Systems
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    • Hybrid Drive
    • Hydrogen Fuel Cells
    • Interior Components
    • Refrigeration Systems
    • Steering Systems
    • Transmissions
    • Wheels & Tyres
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