Jun 5, 2018 - 04:32 pm

Webasto buying AeroVironment EV unit for $35M


Webasto is acquiring the electric car charging and testing business of AeroVironment, grouped under the Efficient Energy Systems (EES) division. The acquisition will cost the German supplier 35 million dollars and is still subject to approval.

For Webasto, this is part of their strategy to strengthen their e-mobility efforts and in this case they want to keep all existing EES employees.

Says Holger Engelmann, chairman of the management board, Webasto SE: “This strategic acquisition accelerates the global development of our charging business. Combining EES’ fundamental know-how in electric vehicle technology with our position as a global systems partner to almost all OEMs emphasizes the long-term strategic development of the Webasto Group.”

The acquisition of AeroVironment’s EES business segment contributes to Webasto’s existing core business areas whilst also putting them on the map for battery systems and plug-in electric vehicle charging solutions.

This latest deal is part of a wider startegy of Webasto. They recently joint Samsung SDI for the development and distribution of a battery module. Their cooperation aims to offer customised battery systems to manufacturers of commercial vehicles (we reported). Overall Webasto wants to invest 600,000 million euros over the next three years in order to expand their electric mobility portfolio reportedly.

greencarcongress.com, webasto-group.com


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Found on electrive.com
05.06.2018 16:07