acquisition Archives - EV Tech News

Mufin Green Finance acquires 20% stake in UrjaMobility to propel Electric Mobility Revolution

December 26, 2023January 11, 2024News Desk

In a groundbreaking development, Mufin Green Finance, a leading NBFC spearheading in Green financing, proudly announces the acquisition of a 20% stake in UrjaMobility, forging a strategic partnership to revolutionize the electric mobility sector, focusing on the integration of cutting-edge Li-Ion batteries that provide robust control for any fintech platform. The cornerstone of this collaboration is the […]

Gulf Oil to acquire 51% stake in Tirex Transmission for Rs. 103-Cr.

August 29, 2023August 31, 2023News Desk

In a strategic move to bolster its presence in the Electric Vehicle (EV) segment, Gulf Oil Lubricants India Limited (GOLIL), a Hinduja Group Company, announced to acquire controlling stake in Tirex Transmission Pvt Limited for ~ INR 103 Crores subject to the completion of definitive agreements and the satisfaction of predetermined closing conditions. This is […]

Ashok Leyland invests INR 300Cr as equity to house all future E-MaaS business under OHM

August 17, 2023August 17, 2023News Desk

Ashok Leyland, the Indian flagship of the Hinduja Group, today announced that its Board has approved the acquisition of 100% of Ohm Global Mobility Private Ltd (OHM) from OHM International Mobility Ltd for a nominal consideration of Rs 1 lakh. As the company is yet to become operational the consideration was nominal. With this move, OHM […]

BorgWarner acquires Hubei Surpass Sun Electric’s charging business

March 2, 2023March 7, 2023News Desk

BorgWarner Inc. and Hubei Surpass Sun Electric (SSE) announced that they have entered into an Equity Transfer Agreement under which BorgWarner has agreed to acquire the Electric Vehicle Solution, Smart Grid and Smart Energy businesses of SSE. The transaction has an enterprise value of up to RMB 410 million, of which approximately RMB 267 million […]

Ramkrishna Forgings to acquire upto 51% stake in TSUYO to expand EV portfolio

December 16, 2022December 16, 2022News Desk

The Board of Directors of Ramkrishna Forgings Limited (“Company”), one of the leading suppliers of rolled, forged, and machined products has approved an investment to acquire upto 51% voting rights of TSUYO Manufacturing Private Limited (“TSUYO”), a Make-In-India start-up company engaged in powertrain solutions for electric vehicles. TSUYO currently manufactures powertrain solutions for electric […]

Hinduja Tech Acquires Drive System Design, Expands Leadership in Global eMobility Industry

December 9, 2022December 9, 2022News Desk

Hinduja Tech (HT), a world-class engineering services company, acquired Drive System Design (DSD), an award-winning and globally trusted engineering consultancy known for developing innovative solutions for electrified propulsion systems. DSD currently provides advanced engineering to automotive, commercial vehicle, off-highway, defense and aviation industries from locations in the United Kingdom, the United States, and Asia. The […]

BorgWarner acquires Drivetek AG

December 2, 2022December 15, 2022News Desk

BorgWarner Inc. has acquired Drivetek AG, a Switzerland-based company that offers engineering and product development services for inverters, electric drive solutions, and power electronics as well as a line of products that include specialized inverters for high-speed electrified turbomachinery. Their competencies include design and development of power electronics and electrical machines, system engineering, and control software. Drivetek supports […]

Schuler acquires Sovema Group to become systems supplier for large-scale battery cell manufacturing

August 24, 2022August 24, 2022News Desk

Schuler has acquired the Italian mechanical engineering firm Sovema Group to become a leading systems supplier of battery cell manufacturing solutions for the automotive industry and other sectors. Together with Sovema, Schuler will develop the capabilities needed to equip gigafactories for the mass production of lithium-ion batteries, whose large-scale availability is essential for the success […]

BorgWarner Completes Acquisition of AKASOL AG

February 17, 2022March 2, 2022News Desk

BorgWarner Inc. (NYSE: BWA) today announced that it has completed its acquisition of AKASOL AG. The combination of BorgWarner and AKASOL is expected to significantly strengthen the company’s commercial vehicle and industrial electrification capabilities, which positions the company to capitalize on what it believes to be a fast-growing battery systems market. “We are pleased to […]

Saietta acquires e-Traction from Evergrande New Energy Vehicle Group

November 16, 2021November 30, 2021News Desk

Saietta Group plc (Saietta), specialists in high-tech advanced e-mobility propulsion, has recently announced the 100% acquisition of e-Traction Europe B.V. (e-Traction) from Evergrande New Energy Vehicle Group. The move accelerates Saietta’s growth strategy by adding new commercial and technical capabilities and an established power electronics production facility. Netherlands-based e-Traction is a designer and supplier of […]

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