Tesla Motors acquired Maxwell Technologies, a leading developer and manufacturer of energy solutions, for $218m. The offer values each share of Maxwell common stock at $4.75 per share. Tesla will commence an all stock exchange offer for all the issued and outstanding shares of the company, after which the Maxwell will be merged with a Tesla subsidiary and become a wholly owned subsidiary of Tesla. "We are very excited with today's announcement that Tesla has agreed to acquire Maxwell. Tesla is a well-respected and world-class innovator that shares a common goal of building a more sustainable future," said Dr. Franz Fink, President and Chief Executive Officer of Maxwell. "We believe this transaction is in the best interests of Maxwell stockholders and offers investors the opportunity to participate in Tesla's mission of accelerating the advent of sustainable transport and energy."