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Business News

Mergers, Acquisitions & Disposals

Netherlands

|

Mergers, Acquisitions & Disposals

ChargePoint acquires fleet management software company ViriCiti

By Bradley Osborne – 16th August 2021

The Dutch software company was acquired for EUR75m by ChargePoint, who will incorporate its fleet management software into its charging infrastructure business.

Canada

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Electric Drive

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Mergers, Acquisitions & Disposals

Micro Bird acquires EV powertrain specialist

By Bradley Osborne – 16th August 2021

The Blue Bird-Girardin joint venture has acquired Ecotuned, which manufactures an electric powertrain for light- and medium-duty applications.

UK

|

Mergers, Acquisitions & Disposals

EO Charging to become publicly listed company by end of 2021

By Bradley Osborne – 16th August 2021

The charging infrastructure company will combine with FRSG in order to list on the Nasdaq with a pro-forman enterprise value of USD675m

USA

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Autonomous Vehicles

|

Mergers, Acquisitions & Disposals

Woven Planet acquires mapping software company – CARMERA - to help realise autonomous drive ambitions

By Bradley Osborne – 16th August 2021

Woven Planet will leverage AI-integrated mapping software developed by Carmera to develop its own map platform for directing autonomous vehicles.

Canada

|

Mergers, Acquisitions & Disposals

Lion Electric merges with Northern Genesis and begins trading on the NYSE and TSX

By Bradley Osborne – 2nd August 2021

Following the merger and a USD490m transaction, Lion Electric began trading its equity shares on 7 May.

USA

|

Mergers, Acquisitions & Disposals

Traton completes purchase of Navistar for $3.7 billion

By Bradley Osborne – 2nd August 2021

Navistar and its International and IC Bus brands are now part of the Traton Group of commercial vehicle manufacturers.

USA

|

Mergers, Acquisitions & Disposals

Microvast begins trading on Nasdaq

By Bradley Osborne – 2nd August 2021

The battery manufacturer received approximately USD822m in cash following the closure of the business combination.

USA

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Hydrogen Fuel Cells

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Mergers, Acquisitions & Disposals

Eberspächer acquires ViCTORi LLC

By Jim Gibbins – 1st July 2021

Emission and thermal management control company, Eberspächer Group says it has acquired ViCTORi LLC of Boulder, Colorado, USA, which makes air compressors for fuel cell systems.

UK

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Electric Drive

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Mergers, Acquisitions & Disposals

Turntide Technologies acquires AVID Technology and forms intelligent motor systems supplier cluster in the UK

By Jim Gibbins – 1st July 2021

Electric motor maker, Turntide Technologies of Sunnyvale, California, the developer of the Smart Motor System, has acquired AVID Technology Ltd, a British company manufacturing electric powertrain components and systems based in Gateshead, UK.

UK

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Mergers, Acquisitions & Disposals

TVS Group acquires Wilcox Commercial Vehicles

By Jim Gibbins – 1st July 2021

Total Vehicle Solutions has acquired aluminium trailer and tipper body manufacturer, Wilcox Group Ltd, trading as Wilcox Commercial Vehicles (Wilcox) and based in Market Deeping, Peterborough.

Israel

|

Mergers, Acquisitions & Disposals

REE Automotive completes merger with 10X Capital to secure placement on the NASDAQ Composite

By Jim Gibbins – 1st July 2021

REE Automotive has completed its merger with 10X Capital Venture Acquisition Corporation on July 22, 2021, following approval of shareholders.

Germany

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Mergers, Acquisitions & Disposals

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Battery Systems, Supercapacitors & Solar

BorgWarner completes purchase of EV battery manufacturing specialist AKASOL

By Jim Gibbins – 1st July 2021

June 2021 saw ABBA BidCo, a subsidiary of BorgWarner, acquire 89.08% of Darmstadt-based battery producer, AKASOL, for USD648m. 

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    • Aerodynamics
    • AI, Digitalisation & Robotics
    • Alternative Fuel Engines
    • Autonomous Vehicles
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    • Body & Cab Components
    • Brakes & Braking Systems
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    • Connectivity
    • Diesel Engines & Engine Components
    • Electric Drive
    • Electrical Systems & Components
    • Emission Control Systems
    • Fuel Storage Systems
    • Gas Engines
    • H2 IC Engines & Components
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    • Hybrid Drive
    • Hydrogen Fuel Cells
    • Interior Components
    • Refrigeration Systems
    • Steering Systems
    • Transmissions
    • Wheels & Tyres
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