Announced
Completed
Financials
Tags
Single Bidder
Completed
Friendly
Germany
Automobiles
Private
Acquisition
light commercial vehicles
Cross Border
Majority
Synopsis
Odin Automotive, an automotive holding company led by global automotive experts, agreed to acquire StreetScooter, a manufacturer of electric light commercial vehicles, from Deutsche Post, a provider of an affordable international postal services. Financial terms were not disclosed. "The acquisition of StreetScooter from Deutsche Post marks a huge milestone for us—besides acquiring a proven and established OEM in the EV space, we are gaining over a decade of experience in electric fleet management that is unparalleled in the industry," Stefan Krause, Odin Automotive Chairman and CEO.
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