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New Deal


Announced

Completed

Ideanomics completed the acquisition of VIA Motors for $630m.

Financials

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Transaction Value£457m
Consideration TypeOrdinary Shares, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Automobiles

Single Bidder

United States

electric commercial vehicles

Acquisition

Friendly

Majority

Private

Domestic

Completed

Synopsis

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Ideanomics, a global company focused on driving the adoption of commercial electric vehicles and associated energy consumption, completed the acquisition of VIA Motors, a manufacturer of electric commercial vehicles, for $630m. "This is a transformative deal for Ideanomics. As we continue to grow into a leader in the commercial EV space VIA Motors adds valuable brand cachet and an exceptional manufacturing discipline to our portfolio. Bob's proven executive leadership has helped establish VIA as a market disruptor and we are excited to welcome him and his team to the Ideanomics family," Shane McMahon, Ideanomics Executive Chairman.

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