Announced
Financials
Sources
Tags
integrated systems for electric vehicles
Joint Venture
Private
Majority
Friendly
France
Auto Parts
Pending
Cross Border
Acquisition
Single Bidder
Synopsis
Marelli, a global automotive supplier, and PUNCH, a supplier for the development, integration and manufacturing of driveline and powertrain solutions, agreed to form a joint venture focused on e-axle solutions. Marelli will be a majority owner. Financial terms were not disclosed. “With this cooperation, we further expand our unique offering as a full system provider for electric powertrains which is complemented by our thermal and battery management solutions," Hannes Prenn, Marelli’s Electric Powertrain business Executive Vice President and CEO.
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