Path Investments completed the acquisition of DG Innovate for $44m.

Path Investments, an investment company, completed the acquisition of DG Innovate, a research and development company, for $44m. “We are delighted to have agreed the terms for the acquisition of DG Innovate. DG Innovate is at the forefront of motor drive technology for electric vehicles, with its innovative technology, together with offering, through its sodium-ion battery technology, a potentially cleaner and cheaper alternative to incumbent technologies. We believe that DG Innovate’s technology and IP portfolio, targeted at current market technology’s shortcomings, coupled with its strong commercial relationships, high calibre technical staff and near-term commercialisation opportunities make it the ideal target for Path. We are currently working hard to complete the required prospectus and look forward to making further announcements as matters progress,” Christopher Theis, Path CEO.