Announced
Completed
Financials
Tags
Private
power conversion
Domestic
Single Bidder
Renewable Energy Equipment
Majority
United States
Acquisition
Friendly
Completed
Synopsis
Ideanomics, a service provider which facilitates the adoption of electric vehicles, completed its acquisition of US Hybrid, a company that designs and manufactures power conversion systems. Financial terms were not disclosed. "Ideanomics' global platform will provide us with the opportunity to unlock the commercialization and sales potential of our American-made zero-emission products within Ideanomics and our broad customer base. This combination of our businesses provides for a bright future in zero-emission transportation, where we continue to innovate for the future, while scaling our commercial products to meet the immediate demands of the industry," Gordon Abas Goodarzi, US Hybrid CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.