Trustar Capital completed the acquisition of a 70% stake in Intramco.

Trustar Capital, a private equity firm, completed the acquisition of a 70% stake in Intramco, a pioneer in the electric vehicles charging component market. Financial terms were not disclosed. “We are excited for our strategic partnership with Intramco. We are optimistic about the prospects of global EV sector and believe in the company’s superior capabilities in the EV supply chain. Chinese economy has proven to be resilient with solid growth and its manufacturing and supply chain capabilities have gone through rigorous tests of Covid-19. We believe that the further development of Consolida will help build a solid foundation for Intramco’s future. We will work closely with the founders of Intramco to drive the company to become a leading global EV value chain supplier by enhancing their R&D capabilities, accelerating their growth in the global markets, and seeking additional M&As to enhance the company's scale,” Derek Wang, Trustar Capital Senior Managing Director.