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New Deal


Announced

Completed

Bedeo completed the acquisition of Protean Electric from New Energy Vehicle Group.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Completed

Majority

automotive technology

Single Bidder

Friendly

Private

Acquisition

Auto Parts

United Kingdom

Synopsis

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Bedeo, a technology company bringing smart, sustainable transportation solutions to companies, completed the acquisition of Protean Electric, an automotive technology firm, from New Energy Vehicle Sweden, a unit of Evergrande New Energy Vehicle Group. Financial terms were not disclosed. "This acquisition ensures we will be well capitalised to meet the burgeoning demand from existing and new customers," Andrew Whitehead, Protean CEO.

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