Announced
Completed
Financials
Tags
Acquisition
battery manufacture
Auction
Private
Friendly
Electronic Components and Equipment
Majority
Private Equity
United States
Domestic
Completed
Synopsis
Atlas Holdings, a private investment and equity firm, completed the acquisition of the Americas business of Exide Technologies, a global provider of stored energy solutions, for $179m. "We are gratified to have generated strong interest in our Americas business and delighted to have reached this agreement with affiliates of Atlas, an investor with significant operational and financial resources and a proven track record of building strong, high-performance organizations. Under new ownership, our Americas business will continue delivering high quality energy storage solutions and service to our customers, maximizing future growth and profitability," Tim Vargo, Exide Technologies Chairman, President, and CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.