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Announced

Completed

VARTA completed the acquisition of VARTA Consumer Batteries from Energizer for $401m.

Financials

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Transaction Value£316m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Germany

Majority

Miscellaneous Consumer Staple Goods

Private

batteries

Acquisition

Single Bidder

Friendly

Completed

Synopsis

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VARTA, a battery manufacturer, completed the acquisition of Europe-based VARTA Consumer Batteries unit from Energizer, manufacturers of batteries, for $401m. “With this transaction, we are seizing the unique opportunity to bring together what belongs together. The acquisition allows us to make extensive use of our premium brand name again, which also stands for technology and innovation leadership. In addition, VARTA Consumer’s attractive cash flow profile will make a significant contribution to the further expansion of our fast-growing, highly profitable lithium-ion production. Our growth strategy thus remains uncompromised; the pace of expansion for our lithium-ion production remains unchanged," Herbert Schein, VARTA CEO.

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