Announced
Volkswagen to acquire a minority stake in QuantumScape for $200m.
Financials
Transaction Value£159m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-
Tags
Cross Border
Pending
Electronic Components and Equipment
Friendly
lithium-ion batteries
United States
Acquisition
Minority
Private
Single Bidder
batteries
Synopsis
Volkswagen to acquire a minority stake in QuantumScape, a battery manufacturer for $200m. "We are making technological progress with our partner QuantumScape. The additional investment will effectively strengthen and accelerate our joint development work," Thomas Schmall, Volkswagen Chairman.
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